DAILY MARKET OUTLOOK Update Time: 27 May 2015 01:30 GMT
EUR/USD - 1.0867
Euro's sell off below Monday's low at 1.0959 (now resistance) to 1.0863 yesterday signals fall from May's 3-month peak at 1.1467 to retrace erratic upmove from March's 12-year trough at 1.0457 remains in progress and further weakness to 1.0843/49 and then 1.0800 would be seen before rebound occurs due to 'loss of momentum'.
On the upside, only a daily close above 1.0959 (previous support) would indicate a low is possibly made and shift risk to upside for subsequent gain towards 1.1008/10.
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