The USD/INR futures pair has support at 74.70 levels whereas resistance is placed at 75.10 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 74.70 levels whereas resistance is placed at 75.10 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 88.40 levels whereas resistance is placed at 89.00 levels. The pair is expected to find support at lower levels and trade firm above 88.70 level up to 89.00 and 89.15 levels
* The GBP/INR futures pair has support at 102.90 levels whereas resistance is placed at 103.30 levels. The pair is expected to find support at lower levels and trade firm above 103.10 level up to 103.30 and 103.45 levels
* The JPY/INR futures pair has support at 67.10 levels whereas resistance is placed at 67.40 levels. The pair is expected to range bound until either side level is breached
CHART OF THE DAY
Strategy: Intraday
* EURINR pair has managed to hold the support of double bottom pattern in last trading session
* The pair is likely to trade with positive bias and any pullback near immediate support of 88.60 level should be taken as buying opportunity targeting 89.00 – 89.15 levels on higher side
* For Intraday session, it has support at 88.60 – 88.45 levels whereas resistance is placed at 89.00 – 89.15 levels
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