IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 76.00 levels whereas resistance is placed at 76.40 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 85.80 levels whereas resistance is placed at 86.20 levels. The pair is expected to trade firm above 86.20 levels up to 86.40 and 86.60 levels.

* The GBP/INR futures pair has support at 101.00 levels whereas resistance is placed at 101.30 levels. The pair is expected to trade firm above 101.30 levels up to 101.50 and 101.70 levels.

* The JPY/INR future pair has support at 66.70 levels whereas resistance is placed at 67.00 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

* EURINR pair traded with negative bias but managed to sustain above upward trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 85.80 level should be taken as buying opportunity targeting 86.20 – 86.40 levels on higher side

* For Intraday session, it has support at 85.80 – 85.60 levels whereas resistance is placed at 86.20 – 86.40 levels

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer