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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 79.10 levels whereas resistance is placed at 79.60 levels. The pair is expected to find support at lower levels and trade firm above 79.60 level up to 79.80 and 80.00 levels.

* The GBP/INR futures pair has support at 94.00 levels whereas resistance is placed at 94.40 levels. The pair is expected to find support at lower levels and trade firm above 94.40 level up to 94.60 and 94.80 levels.

* The JPY/INR futures pair has support at 58.20 levels whereas resistance is placed at 58.50 levels. The pair is expected to find support at lower levels and trade firm above 58.50 level up to 58.70 and 58.90 levels.

Strategy: Intraday

* JPYINR pair traded with positive bias and managed to closed above upward slopping support line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 58.20 level should be taken as buying opportunity targeting 58.50 – 58.70 levels on higher side

* For Intraday session, it has support at 58.20 – 58.00 levels whereas resistance is placed at 58.50- 58.70 levels

EURINR (DAILY CHART)

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