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Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-10-2016

Wednesday, October 12, 2016 22:19
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Mtechtips MCX-SX EURINR INTRADAY trading analysis 13-10-2016


MTECHTIPS Euro traded down Monday as European stocks traded lower on continued worries over the banking sector. Meanwhile, measure of euro area investor confidence rose for a third straight month and at a faster-than-expected pace in October to its highest level in four months, results of a survey by Sentix showed Monday.EURINR Pound traded down for third-straight session Monday on worries exit from the European Union may impact UK more adversely than previously thought.GBPINR crashed from the level of 86.10 as per the Monthly outlook given since 4 October 2016.Today it open at 81.9175 compare to last trade closing of 82.93. Trend is expect to remain bearish and pair may test 81.00 very soon.

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