IGI Logo

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

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