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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 82.00 levels. The pair is expected to find support at lower level and trade firm above 82.00 level up to 82.20 and 82.40 levels.

* The EUR/INR futures pair has support at 88.40 levels whereas resistance is placed at 88.90 levels. The pair is expected to find resistance at higher level and trade weak below 88.40 level up to 88.20 and 88.00 levels.

* The GBP/INR futures pair has support at 99.70 levels whereas resistance is placed at 100.30 levels. The pair is expected to trade range bound until either side level is breached.

* The JPY/INR futures pair has support at 63.40 levels whereas resistance is placed at 64.00 levels. The pair is expected to find resistance at higher level and trade weak below 63.40 level up to 63.20 and 63.00 levels.

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with positive bias in the last trading session; but prices are trading below horizontal trend line.

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 88.90 level should be taken as selling opportunity targeting 88.40 – 88.20 levels on lower side

* For Intraday session, it has support at 88.40 – 88.20 levels whereas resistance is placed at 88.90 – 89.10 levels

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