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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.00 levels whereas resistance is placed at 75.30 levels. The pair is expected to trade rangebound until either side level is breached.

The EUR/INR futures pair has support at 85.10 levels whereas resistance is placed at 85.50 levels. The pair is expected to trade weak below 85.10 levels up to 84.90 and 84.70 levels.

The GBP/INR futures pair has support at 99.90 levels whereas resistance is placed at 100.40 levels. The pair is expected to trade weak below 99.90 levels up to 99.70 and 99.50 levels.

The JPY/INR future pair has support at 66.30 levels whereas resistance is placed at 66.70 levels. The pair is expected to trade rangebound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

EURINR pair traded with positive bias but 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 85.50 level should be taken as selling opportunity targeting 85.10 – 84.90 levels on lower side

For Intraday session, it has support at 85.10 – 84.90 levels whereas resistance is placed at 85.50 – 85.70 levels

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