IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 77.70 levels whereas resistance is placed at 78.10 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 83.40 levels whereas resistance is placed at 83.70 levels. The pair is expected to find resistance at higher levels and trade weak below 83.40 level up to 83.20 and 83.00 levels.

* The GBP/INR futures pair has support at 97.40 levels whereas resistance is placed at 97.80 levels. The pair is expected to find resistance at higher levels and trade weak below 97.40 level up to 97.20 and 97.00 levels.

* The JPY/INR futures pair has support at 58.30 levels whereas resistance is placed at 58.70 levels. The pair is expected to find resistance at higher levels and trade weak below 58.30 level up to 58.10 and 57.90 levels.

CHART OF THE DAY

Strategy: Intraday

* EURINR pair traded with mild 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 83.70 level should be taken as selling opportunity targeting 83.40 – 83.20 levels on lower side

* For Intraday session, it has support at 83.40 – 83.20 levels whereas resistance is placed at 83.70 – 83.90 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