The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.30 level - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
The USD/INR futures pair has support at 76.90 levels whereas resistance is placed at 76.40 levels. The pair is expected to trade range bound until either side level is breached.
The EUR/INR futures pair has support at 82.90 levels whereas resistance is placed at 83.30 levels. The pair is expected to find resistance at higher levels and trade weak below 82.90 level up to 82.70 and 82.50 levels.
The GBP/INR futures pair has support at 99.40 levels whereas resistance is placed at 99.70 levels. The pair is expected to trade range bound until either side level is breached.
The JPY/INR futures pair has support at 61.50 levels whereas resistance is placed at 61.70 levels. The pair is expected to find resistance at higher levels and trade weak below 61.50 level up to 61.30 and 61.10 levels.
CHART OF THE DAY
Strategy: Intraday
EURINR pair traded with positive bias but managed to closed above downward sloping trending line in the last trading session
The pair is likely to trade with negative bias and any pullback near immediate resistance of 83.30 level should be taken as selling opportunity targeting 82.90 – 82.70 levels on lower side
For Intraday session, it has support at 82.90 –82.70 levels whereas resistance is placed at 83.30 – 83.50 levels
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Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
