DAILY MARKET OUTLOOKUpdate Time: 17 Nov 2015 01:35 GMT
EUR/USD - 1.0682
Despite last week's rebound from Tuesday's low at 1.0674 to 1.0831 on Thursday, subsequent retreat and Monday's intra-day gap-down open on broad-based risk aversion strongly suggests the correction has ended and consolidation with downside bias remains for erratic decline from 1.1715 to resume and yield re-test of aforesaid low, break would extend towards 1.0650/60 before prospect of a recovery due to loss of momentum.
On the upside, only above 1.0831 would abort daily bearish scenario and risk would shift to the upside for a stronger retracement to 1.0894/98.
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