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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.40 levels whereas resistance is placed at 82.90 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 88.60 levels whereas resistance is placed at 89.10 levels. The pair is expected to find resistance at higher level and trade weak below 88.60 level up to 88.40 and 88.20 levels.

* The GBP/INR futures pair has support at 99.70 levels whereas resistance is placed at 100.20 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 63.20 levels whereas resistance is placed at 63.60 levels. The pair is expected to find resistance at higher level and trade weak below 63.20 level up to 63.00 and 62.80 levels.

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded within a tight range in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 89.10 level should be taken as selling opportunity targeting 88.60 – 88.40 levels on lower side

* For Intraday session, it has support at 88.60 – 88.40 levels whereas resistance is placed at 89.10 – 89.30 levels

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