The USD/INR futures pair has support at 83.20 levels whereas resistance is placed at 83.60 levels - Monarch Networth Capital
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CURRENCY TECHNICAL OUTLOOK
* The USD/INR futures pair has support at 83.20 levels whereas resistance is placed at 83.60 levels. The pair is expected to range bound until either side level is breached
* The EUR/INR futures pair has support at 92.10 levels whereas resistance is placed at 92.50 levels. The pair is expected to find support at lower level and trade firm above 92.50 level up to 92.70 and 92.90 levels
* The GBP/INR futures pair has support at 105.90 levels whereas resistance is placed at 106.30 levels. The pair is expected to find support at lower level and trade firm above 106.30 level up to 106.50 and 106.70 levels
* 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 support at lower level and trade firm above 59.00 level up to 59.20 and 59.40 levels
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 92.10 level should be taken as buying opportunity targeting 92.50 – 92.70 levels on higher side
* For Intraday session, it has support at 92.10 – 91.90 levels whereas resistance is placed at 92.50 – 92.70 levels
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