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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.20 levels whereas resistance is placed at 74.50 levels. The pair is expected to trade weak below 74.20 levels up to 74.00 and 73.80 levels.

* The EUR/INR futures pair has support at 84.00 levels whereas resistance is placed at 84.40 levels. The pair is expected to trade weak below 84.00 levels up to 83.80 and 83.60 levels.

* The GBP/INR futures pair has support at 99.70 levels whereas resistance is placed at 100.20 levels. The pair is expected to trade firm above 100.20 levels up to 100.40 and 100.60 levels.

* The JPY/INR future pair has support at 64.60 levels whereas resistance is placed at 65.00 levels. The pair is expected to trade firm above 65.00 levels up to 65.20 and 65.35 levels.

CHART OF THE DAY

Strategy: Intraday

* EURINR 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 84.40 level should be taken as selling opportunity targeting 84.00 – 83.80 levels on lower side

* For Intraday session, it has support at 84.00 – 83.80 levels whereas resistance is placed at 84.40 – 84.60 levels

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