The USD/INR futures pair has support at 76.20 levels whereas resistance is placed at 76.60 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 76.20 levels whereas resistance is placed at 76.60 levels. The pair is expected to find support at lower levels and trade firm above 76.60 level up to 76.80 and 77.00 levels.
The EUR/INR futures pair has support at 83.90 levels whereas resistance is placed at 84.20 levels. The pair is expected to find support at lower levels and trade firm above 84.20 level up to 84.40 and 84.60 levels.
The GBP/INR futures pair has support at 100.70 levels whereas resistance is placed at 101.20 levels. The pair is expected to range bound until either side level is breached.
The JPY/INR futures pair has support at 62.90 levels whereas resistance is placed at 63.40 levels. The pair is expected to range bound until either side level is breached.
CHART OF THE DAY
Strategy: Intraday
EURINR pair traded with positive bias and managed to closed above upward trending line in the last trading session
The pair is likely to trade with positive bias and any pullback near immediate support of 83.90 level should be taken as buying opportunity targeting 84.20 – 84.40 levels on higher side
For Intraday session, it has support at 83.90 –83.70 levels whereas resistance is placed at 84.20 – 84.40 levels
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