DAILY MARKET OUTLOOKUpdate Time: 26 Feb 2015 02:35 GMT
EUR/USD - 1.1365
The single currency rebounded fm Tuesday's low at 1.1289 to 1.1388 on Wednesday on short-covering, suggesting further choppy trading inside recent established broad range of 1.1543-1.1270 would be seen with neutral bias.
Above 1.1400 may bring gain to 1.1450, however, resistance at 1.1499 should cap upside.
On the downside, a breach of key daily support at 1.1270 would confirm the corrective rise from Jan's 11-year trough at 1.1098 has indeed ended at 1.1534 and yield retreat to 1.1224 and then 1.1200.
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