The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.10 levels. - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.10 levels. The pair is expected to find support at lower level and trade firm above 82.10 level up to 82.20 and 82.30 levels
* The EUR/INR futures pair has support at 91.70 levels whereas resistance is placed at 92.20 levels. The pair is expected to find resistance at higher level and trade weak below 91.70 level up to 91.50 and 91.30 levels
* The GBP/INR futures pair has support at 105.50 levels whereas resistance is placed at 106.00 levels. The pair is expected to find resistance at higher level and trade weak below 105.50 level up to 105.30 and 105.10 levels
* The JPY/INR futures pair has support at 58.60 levels whereas resistance is placed at 59.10 levels. The pair is expected to range bound until either side level is breached
CHART OF THE DAY
MCX-CRUDE OIL (DAILY CHART)
Strategy: Intraday
* EURINR pair traded with negative bias in the last trading session; and prices are trading below upward trend line.
* The pair is likely to trade with positive bias and any pullback near immediate support of 105.80 level should be taken as buying opportunity targeting 106.20 – 106.40 levels on higher side
* For Intraday session, it has support at 105.80 – 105.60 levels whereas resistance is placed at 106.20 – 106.40 levels
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory