The EUR/INR futures pair has support at 83.70 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 74.30 levels whereas resistance is placed at 74.60 levels. The pair is expected to trade range bound until either side level is breached.
* The EUR/INR futures pair has support at 83.70 levels whereas resistance is placed at 84.00 levels. The pair is expected to trade weak below 83.70 levels up to 83.50 and 83.30 levels.
* The GBP/INR futures pair has support at 99.40 levels whereas resistance is placed at 99.90 levels. The pair is expected to trade weak below 99.40 levels up to 99.20 and 99.00 levels.
* The JPY/INR future pair has support at 64.80 levels whereas resistance is placed at 65.10 levels. The pair is expected to trade weak below 64.80 levels up to 64.60 and 64.45 levels.
CHART OF THE DAY
Strategy: Intraday
* JPYINR pair traded with negative bias and managed to sustain below downward trend line in the last trading session
* The pair is likely to trade with negative bias and any pullback near immediate resistance of 65.10 level should be taken as selling opportunity targeting 64.60 – 64.45 levels on lower side
* For Intraday session, it has support at 64.80 – 64.60 levels whereas resistance is placed at 65.10 – 65.30 levels
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory