DAILY MARKET OUTLOOK on Major EUR/USDUpdate Time: 02 Apr 2015 01:12 GMT
EUR/USD - 1.0757
Euro's sell off from last Thursday's high of 1.1052 to as low as 1.0713 Tuesday due to worries over Greece debts signals price would continue to gyrate inside early established broad range of 1.1062-1.0613.
Despite yesterday's intra-day rebound to 1.0800, reckon 1.0845 would limit upside and yield another decline later, below 1.0713 would extend weakness to 1.0695 but near term loss of momentum should keep price above support at 1.0656 today.
On the upside, only a daily close above 1.0845 would confirm a low is made and yield gain towards 1.0900 before prospect of a retreat.
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