The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 81.90 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
*- The USD/INR futures pair has support at 81.60 levels whereas resistance is placed at 81.90 levels. The pair is expected to find support at lower levels and trade firm above 81.90 level up to 82.10 and 82.30 levels.
* The EUR/INR futures pair has support at 79.70 levels whereas resistance is placed at 80.10 levels. The pair is expected to find support at lower levels and trade firm above 80.10 level up to 80.30 and 80.50 levels.
* The GBP/INR futures pair has support at 90.10 levels whereas resistance is placed at 90.60 levels. The pair is expected to find support at lower levels and trade firm above 90.60 level up to 90.80 and 91.00 levels.
* The JPY/INR futures pair has support at 56.50 levels whereas resistance is placed at 57.00 levels. The pair is expected to find resistance at higher levels and trade weak below 56.50 level up to 56.30 and 56.10 levels.
Strategy: Intraday
* EURINR pair traded with mild negative 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 79.70 level should be taken as buying opportunity targeting 80.10 – 80.30 levels on higher side
* For Intraday session, it has support at 79.70 – 79.50 levels whereas resistance is placed at 80.10 – 80.30 levels
CHART OF THE DAY
EURINR (DAILY CHART)
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