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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.30 levels whereas resistance is placed at 79.90 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.90 levels whereas resistance is placed at 81.30 levels. The pair is expected to find support at lower levels and trade firm above 81.30 level up to 81.50 and 81.70 levels.

* The GBP/INR futures pair has support at 96.30 levels whereas resistance is placed at 96.80 levels. The pair is expected to find support at lower levels and trade firm above 96.80 level up to 97.00 and 97.20 levels.

* The JPY/INR futures pair has support at 59.20 levels whereas resistance is placed at 59.60 levels. The pair is expected to find support at lower levels and trade firm above 59.60 level up to 59.80 and 60.00 levels.

Strategy: Intraday

* EURINR pair traded with mild positive bias and managed to closed between downward channel in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 80.90 level should be taken as buying opportunity targeting 81.30 – 81.50 levels on higher side

* For Intraday session, it has support at 80.90 – 80.70 levels whereas resistance is placed at 81.30- 81.50 levels

EURINR (DAILY CHART)

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