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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 74.80 levels whereas resistance is placed at 75.10 levels. The pair is expected to find support at lower levels and trade firm above 75.10 level up to 75.30 and 75.50 levels

The EUR/INR futures pair has support at 84.90 levels whereas resistance is placed at 85.20 levels. The pair is expected to find resistance at higher levels and trade weak below 84.90 level up to 84.70 and 84.50 levels

The GBP/INR futures pair has support at 101.80 levels whereas resistance is placed at 102.00 levels. The pair is expected to find resistance at higher levels and trade weak below 101.80 level up to 101.60 and 101.40 levels

The JPY/INR futures pair has support at 65.00 levels whereas resistance is placed at 65.30 levels. The pair is expected to range bound until either side level is breached

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 85.20 level should be taken as selling opportunity targeting 84.90 – 84.70 levels on lower side

For Intraday session, it has support at 84.90 –84.70 levels whereas resistance is placed at 85.20 – 85.40 levels

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