DAILY MARKET OUTLOOK on Major EUR/USDUpdate Time: 27 Apr 2015 01:18 GMT
EUR/USD - 1.0865
Euro's rally to a fresh 2-1/2 week peak at 1.0899 last Friday signals up move from April's bottom at 1.0521 has resumed and further gain to 1.0950/60 would be seen.
However, reckon 1.1000 would cap upside due to near term loss of momentum and bring strong retreat later this week.
On the downside, a daily close below 1.0785 would confirm a top is made and bring correction towards 1.0733 before prospect of a rebound.
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