DAILY MARKET OUTLOOK on Major
Update Time: 14 Nov 2017 06:00 GMT
EUR/USD - 1.1671
As euro has rebounded after yesterday's 'sterling-led' retreat to 1.1638 in Europe, suggesting early upmove from last Tuesday's 3-month trough at 1.1554 would re-test previous daily res at 1.1691 after consolidation, however, loss of upward momentum would prevent strong gain today and reckon 1.1726 (previous sup, now res) would cap present gain.
On the downside, a daily close below 1.1638 would signal 1st leg of correction is over and bring subsequent weakness towrds 1.1601/05
Euro zone will release many key data starting with Germany's GDP and CPI and Italy's GDP, Germay's ZEW eco. sentiment, Italy's CPI, EU's GDP m industrial production.
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