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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 73.30 levels whereas resistance is placed at 73.60 levels. The pair is expected to trade firm above 73.50 level up to 73.70 and 73.85 levels

* The EUR/INR futures pair has support at 88.70 levels whereas resistance is placed at 89.20 levels. The pair is expected to trade range bound until either side level is breached

* The GBP/INR futures pair has support at 102.90 levels whereas resistance is placed at 103.30 levels. The pair is expected to trade weak below 103.10 level up to 102.90 and 102.75 levels  The JPY/INR futures pair has support at 66.50 levels whereas resistance is placed at 66.90 levels. The pair is expected to trade range bound until either side level is breached

CHART OF THE DAY

Strategy: Intraday

* GBPINR pair is trading below downward sloping trend line

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 103.30 level should be taken as selling opportunity targeting 102.90 – 102.75 levels on lower side

* For Intraday session, it has support at 102.90 – 102.75 levels whereas resistance is placed at 103.30 – 103.45 levels

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