IGI Logo

CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.40 levels whereas resistance is placed at 75.80 levels. The pair is expected to find support at lower levels and trade firm above 75.80 level up to 76.00 and 76.20 levels

The EUR/INR futures pair has support at 84.40 levels whereas resistance is placed at 84.90 levels. The pair is expected to find resistance at higher levels and trade weak below 84.40 level up to 84.20 and 84.00 levels

The GBP/INR futures pair has support at 100.90 levels whereas resistance is placed at 101.50 levels. The pair is expected to range bound until either side level is breached

The JPY/INR futures pair has support at 65.30 levels whereas resistance is placed at 65.80 levels. The pair is expected to find support at lower levels and trade firm above 65.80 level up to 66.00 and 66.20 levels

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with negative bias and any pullback near immediate resistance of 84.90 level should be taken as selling opportunity targeting 84.40 – 84.20 levels on lower side

For Intraday session, it has support at 84.40 –84.20 levels whereas resistance is placed at 84.90 – 85.10 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer