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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 86.50 levels whereas resistance is placed at 87.10 levels. The pair is expected to find resistance at higher level and trade weak below 86.50 level up to 86.30 and 86.10 levels.

* The GBP/INR futures pair has support at 97.10 levels whereas resistance is placed at 97.70 levels. The pair is expected to find resistance at higher level and trade weak below 97.10 level up to 96.90 and 96.70 levels.

* The JPY/INR futures pair has support at 59.70 levels whereas resistance is placed at 60.30 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with a negative bias in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 87.10 level should be taken as selling opportunity targeting 86.50 – 86.30 levels on lower side

* For Intraday session, it has support at 86.50 – 86.30 levels whereas resistance is placed at 87.10 – 87.30 levels

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