DAILY MARKET OUTLOOK EUR/USDUpdate Time: 25 Mar 2015 01:11 GMT
Although euro's rally from last Thursday's low at 1.0613 to as high as 1.1029 yesterday signals correction from last Wednesday fresh 2-week peak at 1.1062 has ended there earlier, subsequent intra-day sell off to 1.0891 in New York suggests further choppy trading would be seen and near term downside bias is seen for weakness towards 1.0820/30.
However, reckon sup at 1.0767 would hold and bring rebound later.
Looking ahead, above 1.1062 is needed to extend erratic upmove from last Monday's fresh 12-year trough at 1.0457 towards 1.1140/50.
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