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CURRENCY TECHNICAL OUTLOOK

*  The USD/INR futures pair has support at 79.90 levels whereas resistance is placed at 80.20 levels. The pair is expected to find support at lower levels and trade firm above 80.20 level up to 80.40 and 80.60 levels.

* The EUR/INR futures pair has support at 80.20 levels whereas resistance is placed at 80.60 levels. The pair is expected to find resistance at higher levels and trade weak below 80.20 level up to 80.00 and 79.80 levels

* The GBP/INR futures pair has support at 94.60 levels whereas resistance is placed at 95.10 levels. The pair is expected to find resistance at higher levels and trade weak below 94.60 level up to 94.40 and 94.20 levels

* The JPY/INR futures pair has support at 58.50 levels whereas resistance is placed at 58.90 levels. The pair is expected to find resistance at higher levels and trade weak below 58.50 level up to 58.30 and 58.10 levels

Strategy: Intraday

* EURINR pair traded with mild positive bias but managed to closed below downward slopping resistance line in the last trading session

* The pair is likely to trade with negative bias and any pullback near immediate resistance of 80.60 level should be taken as selling opportunity targeting 80.20 – 80.00 levels on lower side

* For Intraday session, it has support at 80.20 – 80.00 levels whereas resistance is placed at 80.60- 80.80 levels

EURINR (Daily CHART)

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