DAILY MARKET OUTLOOK Update Time: 02 Jun 2015 01:20 GMT
EUR/USD - 1.0927
Euro's erratic fall from last Friday's high of 1.1006 to 1.0887 yesterday suggests the correction from last Wednesday's fresh 1-month trough at 1.0819 has ended there and consolidation with downside bias remains.
However only a break of 1.0867 support would encourage for a re-test of said support and then resumption of decline from May's peak at 1.1467 to 1.0785 later.
On the upside, above 1.1006 would defer present bearishness on euro and yield marginal gain but resistance at 1.1059/62 should remain intact.
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