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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.70 levels whereas resistance is placed at 75.00 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 88.50 levels whereas resistance is placed at 88.80 levels. The pair is expected to find support at lower levels and trade firm above 88.80 level up to 89.00 and 89.15 levels

* The GBP/INR futures pair has support at 103.10 levels whereas resistance is placed at 103.50 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 67.80 levels whereas resistance is placed at 68.20 levels. The pair is expected to find resistance at higher levels and trade weak below 67.90 level up to 67.70 and 67.50 levels

CHART OF THE DAY

EURINR (2-HOURLY CHART)

Strategy: Intraday

* EURINR pair took support of downward sloping trend line and settled above the same

* The pair is likely to trade with positive bias and any pullback near immediate support of 88.50 level should be taken as buying opportunity targeting 88.80 – 89.00 levels on higher side

* For Intraday session, it has support at 88.50 – 88.35 levels whereas resistance is placed at 88.80 – 89.00 levels.

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