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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.50 levels whereas resistance is placed at 76.00 levels. The pair is expected to find resistance at higher levels and trade weak below 75.50 level up to 75.30 and 75.10 levels.

The EUR/INR futures pair has support at 83.20 levels whereas resistance is placed at 83.80 levels. The pair is expected to find resistance at higher levels and trade weak below 83.20 level up to 83.00 and 82.80 levels.

The GBP/INR futures pair has support at 99.10 levels whereas resistance is placed at 99.70 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR futures pair has support at 61.70 levels whereas resistance is placed at 62.20 levels. The pair is expected to find support at lower levels and trade firm above 62.20 level up to 62.40 and 62.60 levels.

CHART OF THE DAY

Strategy: Intraday

EURINR pair traded with negative bias and managed to closed below upward sloping trending line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.80 level should be taken as selling opportunity targeting 83.20 – 83.00 levels on lower side

For Intraday session, it has support at 83.20 –83.00 levels whereas resistance is placed at 83.80 – 84.00 levels

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