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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 76.50 levels whereas resistance is placed at 76.90 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 80.70 levels whereas resistance is placed at 81.00 levels. The pair is expected to find resistance at higher levels and trade weak below 80.70 level up to 80.50 and 80.30 levels.

The GBP/INR futures pair has support at 96.20 levels whereas resistance is placed at 96.60 levels. The pair is expected to find resistance at higher levels and trade weak below 96.20 level up to 96.00 and 95.80 levels.

The JPY/INR futures pair has support at 58.80 levels whereas resistance is placed at 59.20 levels. The pair is expected to trade range bound until either side level is breached.

CHART OF THE DAY

Strategy: Intraday

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

The pair is likely to trade with negative bias and any pullback near immediate resistance of 81.00 level should be taken as selling opportunity targeting 80.70 – 80.50 levels on lower side

For Intraday session, it has support at 80.70 –80.50 levels whereas resistance is placed at 81.00 – 81.20 levels

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