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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.50 levels whereas resistance is placed at 80.00 levels. The pair is expected to find support at lower levels and trade firm above 80.00 level up to 80.20 and 80.40 levels.

* The EUR/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.30 levels. The pair is expected to find resistance at higher levels and trade weak below 81.80 level up to 81.50 and 81.30 levels.

* The GBP/INR futures pair has support at 96.70 levels whereas resistance is placed at 97.30 levels. The pair is expected to find resistance at higher levels and trade weak below 96.70 level up to 96.50 and 96.30 levels.

* The JPY/INR futures pair has support at 59.50 levels whereas resistance is placed at 60.10 levels. The pair is expected to find resistance at higher levels and trade weak below 59.50 level up to 59.30 and 59.10 levels.

Strategy: Intraday

* EURINR pair traded with negative bias and managed to closed below downward slopping resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 82.30 level should be taken as selling opportunity targeting 81.80 – 81.50 levels on lower side

* For Intraday session, it has support at 81.80 – 81.50 levels whereas resistance is placed at 82.30- 82.50 levels

EURINR (DAILY CHART)

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