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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.20 levels. The pair is expected to find resistance at higher level and trade weak below 81.90 level up to 81.70 and 81.50 levels

* The EUR/INR futures pair has support at 89.40 levels whereas resistance is placed at 89.80 levels. The pair is expected to find support at lower level and trade firm above 89.80 level up to 90.00 and 90.20 levels

* The GBP/INR futures pair has support at 104.10 levels whereas resistance is placed at 104.50 levels. The pair is expected to find support at lower level and trade firm above 104.50 level up to 104.70 and 104.90 levels

* The JPY/INR futures pair has support at 57.70 levels whereas resistance is placed at 58.30 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 negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 89.40 level should be taken as buying opportunity targeting 89.80 – 90.00 levels on higher side

* For Intraday session, it has support at 89.40 – 89.20 levels whereas resistance is placed at 89.80 – 90.00 levels

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