The USD/INR futures pair has support at 83.10 levels whereas resistance is placed at 83.50 levels - Monarch Network Capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 83.10 levels whereas resistance is placed at 83.50 levels. The pair is expected to range bound until either side level is breached ? The EUR/INR futures pair has support at 87.50 levels whereas resistance is placed at 87.90 levels. The pair is expected to find support at lower level and trade firm above 87.90 level up to 88.00 and 88.10 levels
* The GBP/INR futures pair has support at 101.10 levels whereas resistance is placed at 101.50 levels. The pair is expected to find support at lower level and trade firm above 101.50 level up to 101.60 and 101.70 levels
* The JPY/INR futures pair has support at 55.70 levels whereas resistance is placed at 56.10 levels. The pair is expected to range
bound until either side level is breached
CHART OF THE DAY
CHART OF THE DAY
*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 87.50 level should be taken as buying opportunity targeting 87.90 – 88.00 levels on higher side
*For Intraday session, it has support at 87.50 – 87.40 levels whereas resistance is placed at 87.90 – 88.00 levels
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