DAILY MARKET OUTLOOKUpdate Time: 29 May 2015 01:13 GMT
EUR/USD - 1.0961
Euro's strong rebound from Wednesday's fresh 1-month trough at 1.0819 and then breach of 1.0959 (previous support and subsequent resistance) signals decline from May's 3-month peak at 1.1467 has made a temporary low there and choppy trading with mild upside bias would be seen.
However, reckon measured resistance at 1.1030 would cap upside today and yield retreat later.
On the downside, only below 1.0819 would extend aforesaid fall to retrace the entire rise from March's 12-year trough at 1.0457 towards 1.0740/50 and then 1.0700/10.
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