The EUR/INR futures pair has support at 87.10 levels whereas resistance is placed at 87.40 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 74.10 levels whereas resistance is placed at 74.40 levels. The pair is expected to find support at lower levels and trade firm above 74.40 level up to 74.60 and 74.75 levels
The EUR/INR futures pair has support at 87.10 levels whereas resistance is placed at 87.40 levels. The pair is expected to find support at lower levels and trade firm above 87.40 level up to 87.60 and 87.75 levels
The GBP/INR futures pair has support at 101.60 levels whereas resistance is placed at 102.20 levels. The pair is expected to range bound until either side level is breached
The JPY/INR futures pair has support at 67.40 levels whereas resistance is placed at 67.80 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 positive bias and managed to sustain above upward sloping trend line in the last trading session
The pair is likely to trade positive bias and any pullback near immediate support of 87.10 level should be taken as buying opportunity targeting 87.40 – 87.60 levels on higher side
For Intraday session, it has support at 87.10 – 86.90 levels whereas resistance is placed at 87.40 – 87.60 levels
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
