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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.30 levels. The pair is expected to find resistance at higher levels and trade weak below 82.80 level up to 82.60 and 82.40 levels.

* The EUR/INR futures pair has support at 81.80 levels whereas resistance is placed at 82.40 levels. The pair is expected to find support at lower levels and trade firm above 82.40 level up to 82.60 and 82.80 levels.

* The GBP/INR futures pair has support at 93.70 levels whereas resistance is placed at 94.40 levels. The pair is expected to find support at lower levels and trade firm above 94.40 level up to 94.60 and 94.80 levels.

* The JPY/INR futures pair has support at 55.70 levels whereas resistance is placed at 56.20 levels. The pair is expected to find support at lower levels and trade firm above 56.20 level up to 56.40 and 56.60 levels.

Strategy: Intraday

* EURINR pair traded with positive bias and managed to closed above upward slopping support trend line in the last trading session

* The pair is likely to trade with positive bias and any pullback near immediate support of 81.80 level should be taken as buying opportunity targeting 82.40 – 82.60 levels on higher side

* For Intraday session, it has support at 81.80 – 81.60 levels whereas resistance is placed at 82.40 – 82.60 levels

(Daily CHART)

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