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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.20 levels whereas resistance is placed at 82.70 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.80 levels whereas resistance is placed at 81.20 levels. The pair is expected to find support at lower levels and trade firm above 81.20 level up to 81.40 and 81.60 levels.

* The GBP/INR futures pair has support at 92.80 levels whereas resistance is placed at 93.20 levels. The pair is expected to find support at lower levels and trade firm above 93.20 level up to 93.40 and 93.60 levels.

* The JPY/INR futures pair has support at 55.10 levels whereas resistance is placed at 55.70 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

* GBPINR pair traded with mild negative bias and managed to closed above upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 92.80 level should be taken as buying opportunity targeting 93.20 – 93.40 levels on higher side

* For Intraday session, it has support at 92.80 – 92.60 levels whereas resistance is placed at 93.20 – 93.40 levels

CHART OF THE DAY

EURINR (DAILY CHART)

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