IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.30 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 92.00 levels whereas resistance is placed at 92.40 levels. The pair is expected to find support at lower level and trade firm above 92.40 level up to 92.60 and 92.80 levels

* The GBP/INR futures pair has support at 107.10 levels whereas resistance is placed at 107.60 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 59.30 levels whereas resistance is placed at 59.70 levels. The pair is expected to find resistance at higher level and trade weak below 59.30 level up to 59.10 and 58.90 levels

EURINR (DAILY CHART)

CHART OF THE DAY 

.

Strategy: Intraday

* EURINR pair traded with a mild 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 92.00 level should be taken as buying opportunity targeting 92.40 – 92.60 levels on higher side

* For Intraday session, it has support at 92.00 – 91.80 levels whereas resistance is placed at 92.40 – 92.60 levels

To Read Complete Report & Disclaimer Click Here
 

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer