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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 74.30 levels whereas resistance is placed at 74.60 levels. The pair is expected to trade firm above 74.60 levels up to 74.80 and 75.00 levels.

The EUR/INR futures pair has support at 86.30 levels whereas resistance is placed at 86.80 levels. The pair is expected to trade firm above 86.80 levels up to 87.00 and 87.15 levels.

The GBP/INR futures pair has support at 100.80 levels whereas resistance is placed at 101.40 levels. The pair is expected to trade firm above 101.40 levels up to 101.60 and 101.75 levels.

The JPY/INR future pair has support at 66.80 levels whereas resistance is placed at 67.10 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

EURINR Oct (2 - HOURLY CHART)

Strategy: Intraday

EURINR pair traded with positive bias and managed to sustain above downward sloping trend line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 86.30 level should be taken as buying opportunity targeting 86.80 – 87.00 levels on higher side

For Intraday session, it has support at 86.30 – 86.10 levels whereas resistance is placed at 86.80 – 87.00 levels

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