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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.00 levels whereas resistance is placed at 82.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 87.50 levels whereas resistance is placed at 87.90 levels. The pair is expected to find support at lower level and trade firm above 87.90 level up to 88.10 and 88.30 levels.

* The GBP/INR futures pair has support at 98.90 levels whereas resistance is placed at 99.40 levels. The pair is expected to find support at lower level and trade firm above 99.40 level up to 99.60 and 99.80 levels.

* The JPY/INR futures pair has support at 61.40 levels whereas resistance is placed at 62.00 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

* EURINR pair traded with a positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 87.50 level should be taken as buying opportunity targeting 87.90 – 88.10 levels on higher side

* For Intraday session, it has support at 87.50 – 87.30 levels whereas resistance is placed at 87.90 – 88.10 levels

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