The EUR/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.30 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 77.50 levels whereas resistance is placed at 77.80 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.30 levels. The pair is expected to trade range bound until either side level is breached.
* The GBP/INR futures pair has support at 96.70 levels whereas resistance is placed at 97.20 levels. The pair is expected to find support at lower levels and trade firm above 97.20 level up to 97.40 and 97.60 levels.
* The JPY/INR futures pair has support at 60.70 levels whereas resistance is placed at 61.10 levels. The pair is expected to find support at lower levels and trade firm above 61.10 level up to 61.30 and 61.50 levels.
CHART OF THE DAY
Strategy: Intraday
* JPYINR pair traded with mild positive bias and managed to closed above upward sloping trending line in the last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 60.70 level should be taken as buying opportunity targeting 61.10 – 61.30 levels on higher side
* For Intraday session, it has support at 60.70 –60.50 levels whereas resistance is placed at 61.10 – 61.30 levels
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