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Daily Currency Market Updates

News in headline:

* UK’s Pound Under Siege With Mounting Bets It Will Drop Below $1

* Brazil does not need to fear recession abroad, strong dollar, says Guedes

* Sudanese head north to Egypt seeking brighter future

Chart of the day:

EURINR: EURINR is continuing its bearish momentum and there are no signal of recovery where 78.40 is an immediate target level. On the upside 79.25 intraday and immediate resistance level. While above 79.25 lead further upside toward 79.50-79.70 levels.

Technical View:

* The mixed move can be seen in the currency.

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