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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.40 levels whereas resistance is placed at 75.70 levels. The pair is expected to find support at lower levels and trade firm above 75.70 level up to 75.90 and 76.10 levels

The EUR/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.20 levels. The pair is expected to find resistance at higher levels and trade weak below 82.80 level up to 82.60 and 82.40 level

The GBP/INR futures pair has support at 99.00 levels whereas resistance is placed at 99.40 levels. The pair is expected to find resistance at higher levels and trade weak below 99.00 level up to 98.80 and 98.60 levels.

The JPY/INR futures pair has support at 61.40 levels whereas resistance is placed at 61.90 levels. The pair is expected to find resistance at higher levels and trade weak below 61.40 level up to 61.20 and 61.00 levels.

CHART OF THE DAY

Strategy: Intraday

EURINR pair traded with negative bias and managed to closed below upward sloping trending line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.20 level should be taken as selling opportunity targeting 82.80 – 82.60 levels on lower side

For Intraday session, it has support at 82.80 –82.60 levels whereas resistance is placed at 83.20 – 83.40 level

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