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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.70 levels whereas resistance is placed at 80.10 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 79.80 levels whereas resistance is placed at 80.30 levels. The pair is expected to find resistance at higher levels and trade weak below 79.80 level up to 79.60 and 79.40 levels.

* The GBP/INR futures pair has support at 94.10 levels whereas resistance is placed at 94.60 levels. The pair is expected to find resistance at higher levels and trade weak below 94.10 level up to 93.90 and 93.70 levels.

* The JPY/INR futures pair has support at 58.20 levels whereas resistance is placed at 58.60 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

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

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 80.30 level should be taken as selling opportunity targeting 79.80 – 79.60 levels on lower side

* For Intraday session, it has support at 79.80 – 79.60 levels whereas resistance is placed at 80.30- 80.50 levels

EURINR (DAILY CHART)

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