DAILY MARKET OUTLOOKUpdate Time: 25 Nov 2015 01:21 GMT
EUR/USD - 1.0655
Euro finally gained respite on Tuesday and ratcheted higher to 1.0673 in New York session due to broad-based short covering in euro before briefly retreating to 1.0628 following upbeat Q3 U.S. GDP data.
Another day of consolidation is expected after hitting a fresh 7-month bottom at 1.0592 on Monday n as long as 1.0600/10 holds, consolidation with upside bias remains for another corrective rise toward 1.0700/08 before prospect of a decline later this week. But below 1.0592 needed to yield marginal weakness toward projected target at 1.0565/70.
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