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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 86.90 levels whereas resistance is placed at 87.50 levels. The pair is expected to find support at lower level and trade firm above 87.50 level up to 87.70 and 87.90 levels.

* The GBP/INR futures pair has support at 98.20 levels whereas resistance is placed at 98.60 levels. The pair is expected to find support at lower level and trade firm above 98.60 level up to 98.80 and 99.00 levels.

* The JPY/INR futures pair has support at 60.00 levels whereas resistance is placed at 60.40 levels. The pair is expected to find support at lower level and trade firm above 60.40 level up to 60.60 and 60.80 levels.

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with a positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 86.90 level should be taken as buying opportunity targeting 87.50 – 87.70 levels on higher side

* For Intraday session, it has support at 86.90 – 86.70 levels whereas resistance is placed at 87.50 – 87.70 levels

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