DAILY MARKET OUTLOOK Update Time: 04 May 2015 01:15 GMT
EUR/USD - 1.1195
Despite euro's resumption of erratic upmove from March's 12-year trough at 1.0457 to a fresh 2-month peak at 1.1290 in Friday's New York morning, subsequent intra-day sell off to 1.1175 signals a temporary top has been made and 1-2 days of consolidation would be seen with mild downside bias.
However, reckon support at 1.1072 would hold and bring rebound later.
On the upside, above 1.1290 would extend aforesaid rise to retrace long-term downtrend has resumed and yield further gain to 1.1340/50.
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