DAILY MARKET OUTLOOKUpdate Time: 30 Nov 2015 01:08 GMT
EUR/USD - 1.0577
Despite euro's intra-day decline from 1.0638 to 1.0569 on Friday, subsequent short-covering rebound in New York afternoon suggests further choppy trading above last Wed's fresh 7-monthe trough at 1.0569 would continue before recent downtrend resumes, break of said last week's low would extend weakness to 1.0540/50, loss of momentum should keep price above daily sup at 1.0521 today.
On the upside, only above 1.0638/42 res would prolong near term sideways swings and risk stronger retracement to 1.0689 before prospect of another decline.
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