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CURRENCY TECHNICAL OUTLOOK-Monarch Networth Capital

EURINR

The USD/INR futures pair has support at 83.10 levels whereas resistance is placed at 83.40 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 91.60 levels whereas resistance is placed at 91.90 levels. The pair is expected to find support at lower level and trade firm above 91.90 level up to 92.00 and 92.10 levels

* The GBP/INR futures pair has support at 105.50 levels whereas resistance is placed at 105.90 levels. The pair is expected to range bound until either side level is breached

* The JPY/INR futures pair has support at 58.60 levels whereas resistance is placed at 59.00 levels. The pair is expected to find resistance at higher level and trade weak below 58.60 level up to 58.50 and 58.40 levels

EURINR pair traded with mild negative bias in the last trading session; but prices are trading above upward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 91.60 level should be taken as buying opportunity targeting 91.90 – 92.00 levels on higher side

* For Intraday session, it has support at 91.60 – 91.50 levels whereas resistance is placed at 91.90 – 92.00 levels

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SEBI Registration Number : INZ000043833