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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.30 levels. The pair is expected to find resistance at higher levels and trade weak below 81.80 level up to 81.60 and 81.40 levels.

* The EUR/INR futures pair has support at 79.70 levels whereas resistance is placed at 80.30 levels. The pair is expected to find support at lower levels and trade firm above 80.30 level up to 80.60 and 80.80 levels.

* The GBP/INR futures pair has support at 88.80 levels whereas resistance is placed at 89.30 levels. The pair is expected to find support at lower levels and trade firm above 89.30 level up to 89.60 and 89.80 levels.

* The JPY/INR futures pair has support at 56.70 levels whereas resistance is placed at 57.10 levels. The pair is expected to find support at lower levels and trade firm above 57.10 level up to 57.30 and 57.50 levels.

Strategy: Intraday

* EURINR pair traded with positive bias and managed to closed above downward 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 80.30 – 80.60 levels on higher side

* For Intraday session, it has support at 79.70 – 79.50 levels whereas resistance is placed at 80.30 – 80.60 levels

CHART OF THE DAY

EURINR (4-HOURLY CHART)

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