DAILY MARKET OUTLOOK on Major
Update Time: 04 Dec 2018 05:30 GMT
EUR/USD - 1.1354
Despite euro's decline from 1.1402 to 1.1305 last week, subsequent erratic rise to 1.1380 (Europe) on Monday suggests choppy trading above 1.1267 would continue with upside bias, above 1.1380 would bring re-test of 1.1402 and break there would extend said rise towards 1.1432 later.
Only a daily close below 1.1305 signals correction over and risk would shift to downside for weakness towards 1.1257.
The eco. data calendar is pretty light today with France's budget balance n then EU's PPI being the only 2 data due out during European morning. The EU FinMins' meeting starts at 08:00GMT today n ECB's Vice President Gundos will particiapte in ECONFIN meetig.
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