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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.90 levels whereas resistance is placed at 78.30 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 81.60 levels whereas resistance is placed at 82.00 levels. The pair is expected to find resistance at higher levels and trade weak below 81.60 level up to 81.40 and 81.20 levels.

* The GBP/INR futures pair has support at 94.90 levels whereas resistance is placed at 95.40 levels. The pair is expected to find resistance at higher levels and trade weak below 94.90 level up to 94.70 and 94.50 levels.

* The JPY/INR futures pair has support at 58.00 levels whereas resistance is placed at 58.40 levels. The pair is expected to find resistance at higher levels and trade weak below 58.00 level up to 57.80 and 57.60 levels.

CHART OF THE DAY

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 82.00 level should be taken as selling opportunity targeting 81.60 – 81.40 levels on lower side

* For Intraday session, it has support at 81.60 – 81.40 levels whereas resistance is placed at 82.00 – 82.20 levels

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