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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.70 levels whereas resistance is placed at 83.00 levels. The pair is expected to find resistance at higher level and trade weak below 82.70 level up to 82.60 and 82.50 levels

* The EUR/INR futures pair has support at 89.50 levels whereas resistance is placed at 89.90 levels. The pair is expected to find support at lower level and trade firm above 89.90 level up to 90.10 and 90.30 levels

* The GBP/INR futures pair has support at 104.10 levels whereas resistance is placed at 104.50 levels. The pair is expected to find support at lower level and trade firm above 104.50 level up to 104.70 and 104.90 levels

* The JPY/INR futures pair has support at 56.50 levels whereas resistance is placed at 56.90 levels. The pair is expected to find support at lower level and trade firm above 56.90 level up to 57.10 and 57.30 levels

CHART OF THE DAY

EURINR (DAILY CHART)

Strategy: Intraday

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

* The pair is likely to trade with positive bias and any pullback near immediate support of 89.50 level should be taken as buying opportunity targeting 89.90 –90.10 levels on higher side

* For Intraday session, it has support at 89.50 – 89.30 levels whereas resistance is placed at 89.90 – 90.10 levels

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