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CURRENCY TECHNICAL OUTLOOK

The USD/INR futures pair has support at 75.90 levels whereas resistance is placed at 76.30 levels. The pair is expected to trade range bound until either side level is breached.

The EUR/INR futures pair has support at 84.50 levels whereas resistance is placed at 85.00 levels. The pair is expected to find support at lower levels and trade firm above 85.00 level up to 85.20 and 85.40 levels

The GBP/INR futures pair has support at 99.90 levels whereas resistance is placed at 100.40 levels. The pair is expected to trade range bound until either side level is breached.

The JPY/INR futures pair has support at 62.50 levels whereas resistance is placed at 62.80 levels. The pair is expected to find resistance at higher levels and trade weak below 62.50 level up to 62.30 and 62.10 levels.

CHART OF THE DAY

Strategy: Intraday

EURINR pair traded with positive bias and managed to closed above downward sloping trending line in the last trading session

The pair is likely to trade with positive bias and any pullback near immediate support of 84.50 level should be taken as buying opportunity targeting 85.00 – 85.20 levels on higher side

For Intraday session, it has support at 84.50 –84.30 levels whereas resistance is placed at 85.00 – 85.20 levels

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