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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.30 levels whereas resistance is placed at 76.80 levels. The pair is expected to find support at lower levels and trade firm above 76.80 level up to 77.00 and 77.20 levels

The EUR/INR futures pair has support at 84.20 levels whereas resistance is placed at 84.60 levels. The pair is expected to find resistance at higher levels and trade weak below 84.20 level up to 84.00 and 83.80 levels

The GBP/INR futures pair has support at 100.20 levels whereas resistance is placed at 100.60 levels. The pair is expected to find resistance at higher levels and trade weak below 100.20 level up to 100.00 and 99.80 levels

The JPY/INR futures pair has support at 65.40 levels whereas resistance is placed at 65.80 levels. The pair is expected to find resistance at higher levels and trade weak below 65.40 level up to 65.20 and 65.00 levels

CHART OF THE DAY

Strategy: Intraday

GBPINR pair traded with negative bias and managed to closed below downward trending line in the last trading session

The pair is likely to trade with negative bias and any pullback near immediate resistance of 100.60 level should be taken as selling opportunity targeting 100.20 – 100.00 levels on lower side

For Intraday session, it has support at 100.20 –100.00 levels whereas resistance is placed at 100.60 – 100.80 levels

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