IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.90 levels whereas resistance is placed at 82.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 89.60 levels whereas resistance is placed at 90.10 levels. The pair is expected to find resistance at higher level and trade weak below 89.60 level up to 89.40 and 89.20 levels.

* The GBP/INR futures pair has support at 102.10 levels whereas resistance is placed at 102.60 levels. The pair is expected to find resistance at higher level and trade weak below 102.10 level up to 101.90 and 101.70 levels.

* The JPY/INR futures pair has support at 62.30 levels whereas resistance is placed at 62.90 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 in the last trading session; but prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 90.10 level should be taken as selling opportunity targeting 89.60 – 89.40 levels on lower side

* For Intraday session, it has support at 89.60 – 89.40 levels whereas resistance is placed at 90.10 – 90.30 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