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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 74.20 levels whereas resistance is placed at 74.70 levels. The pair is expected to range bound until either side level is breached

*   The EUR/INR futures pair has support at 88.20 levels whereas resistance is placed at 88.70 levels. The pair is expected to find resistance at higher levels and trade weak below 88.40 level up to 88.20 and 88.00 levels

*   The GBP/INR futures pair has support at 103.40 levels whereas resistance is placed at 104.00 le vels. The pair is expected to find resistance at higher levels and trade weak below 103.40 level up to    103.20 and 103.00 levels

 * The JPY/INR futures pair has support at 68.00 levels whereas resistance is placed at 68.40 levels. The pair is expected to find support at lower levels and trade firm above 68.20 level up to 68.40 and 68.55 levels

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with negative bias and managed to sustain below downward sloping trend line in last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 88.70 level should be taken as selling opportunity targeting 88.20 – 88.00 levels on lower side

* For Intraday session, it has support at 88.20 – 88.00 levels whereas resistance is placed at 88.70 – 88.90 levels

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