The USD/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.10 levels - Monarch Networth Capital
CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 82.80 levels whereas resistance is placed at 83.10 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 89.90 levels whereas resistance is placed at 90.20 levels. The pair is expected to find resistance at higher and trade weak below 90.20 level up to 90.30 and 90.40 levels
* The GBP/INR futures pair has support at 105.00 levels whereas resistance is placed at 105.40 levels. The pair is expected to find resistance at higher and trade weak below 105.40 level up to 105.50 and 105.60 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
EURINR (DAILY CHART)
Strategy: Intraday
* EURINR pair traded with positive bias in the last trading session; and prices are trading above upward trend line.
* The pair is likely to trade with positive bias and any pullback near immediate support of 89.90 level should be taken as buying opportunity targeting 90.20 – 90.30 levels on higher side
* For Intraday session, it has support at 89.90 – 89.80 levels whereas resistance is placed at 90.20 –90.30 levels
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