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19-02-2024 09:41 AM | Source: Monarch Networth Capital Ltd
The EUR/INR futures pair has support at 89.30 levels whereas resistance is placed at 89.70 levels - Monarch Networth Capital

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CURRENCY TECHNICAL OUTLOOK:

* The USD/INR futures pair has support at 82.90 levels whereas resistance is placed at 83.20 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 89.30 levels whereas resistance is placed at 89.70 levels. The pair is expected to find support at lower and trade firm above 89.70 level up to 89.80 and 89.90 levels

*The GBP/INR futures pair has support at 104.40 levels whereas resistance is placed at 104.80 levels. The pair is expected to find support at lower and trade firm above 104.80 level up to 104.90 and 105.00 levels

* The JPY/INR futures pair has support at 55.20 levels whereas resistance is placed at 55.60 levels. The pair is expected to range bound until either side level is breached

CHART OF THE DAY:

MCX-CRUDE OIL (DAILY CHART:

 

Strategy: Intraday

* EURINR pair traded with positive bias in the last trading session; and prices are trading above downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 89.30 level should be taken as buying opportunity targeting 89.70 – 89.80 levels on higher side

* For Intraday session, it has support at 89.30 – 89.20 levels whereas resistance is placed at 89.70 –89.80 levels

 

 

 

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