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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 78.90 levels whereas resistance is placed at 79.30 levels. The pair is expected to find support at lower levels and trade firm above 79.30 level up to 79.50 and 79.70 levels.

* The EUR/INR futures pair has support at 83.20 levels whereas resistance is placed at 83.60 levels. The pair is expected to find resistance at higher levels and trade weak below 83.20 level up to 83.00 and 82.80 levels.

* The GBP/INR futures pair has support at 96.30 levels whereas resistance is placed at 96.70 levels. The pair is expected to find resistance at higher levels and trade weak below 96.30 level up to 96.10 and 95.90 levels.

* The JPY/INR futures pair has support at 58.00 levels whereas resistance is placed at 58.30 levels. The pair is expected to find resistance at higher levels and trade weak below 58.00 level up to 57.80 and 57.60 levels.

CHART OF THE DAY

Strategy: Intraday

* EURINR pair traded with negative bias and managed to closed below horizontal resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.60 level should be taken as selling opportunity targeting 83.20 – 83.00 levels on lower side

* For Intraday session, it has support at 83.20 – 83.00 levels whereas resistance is placed at 83.60- 83.80 levels

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