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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 82.00 levels. The pair is expected to find support at lower level and trade firm above 82.00 level up to 82.10 and 82.20 levels.

* The EUR/INR futures pair has support at 90.30 levels whereas resistance is placed at 90.80 levels. The pair is expected to find resistance at higher level and trade weak below 90.30 level up to 90.10 and 89.90 levels.

* The GBP/INR futures pair has support at 103.40 levels whereas resistance is placed at 103.90 levels. The pair is expected to find resistance at higher level and trade weak below 103.40 level up to 103.20 and 103.00 levels.

* The JPY/INR futures pair has support at 60.60 levels whereas resistance is placed at 61.10 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; and prices are trading below upward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 90.80 level should be taken as selling opportunity targeting 90.30 – 90.10 levels on lower side

* For Intraday session, it has support at 90.30 – 90.10 levels whereas resistance is placed at 90.80 – 91.00 levels

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