IGI Logo

CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 79.50 levels whereas resistance is placed at 80.00 levels. The pair is expected to trade range bound until either side level is breached.

* The EUR/INR futures pair has support at 80.00 levels whereas resistance is placed at 80.50 levels. The pair is expected to find support at lower levels and trade firm above 80.50 level up to 80.70 and 80.90 levels.

* The GBP/INR futures pair has support at 92.20 levels whereas resistance is placed at 92.70 levels. The pair is expected to find support at lower levels and trade firm above 92.70 level up to 92.90 and 93.10 levels.

* The JPY/INR futures pair has support at 56.00 levels whereas resistance is placed at 56.50 levels. The pair is expected to trade range bound until either side level is breached.

Strategy: Intraday

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

* The pair is likely to trade with positive bias and any pullback near immediate support of 80.00 level should be taken as buying opportunity targeting 80.50 – 80.70 levels on higher side

* For Intraday session, it has support at 80.00 – 79.80 levels whereas resistance is placed at 80.50- 80.70 levels

EURINR (Daily CHART)

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at  https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer