DAILY MARKET OUTLOOK Update Time: 14 Oct 2015 01:39 GMT
EUR/USD - 1.1389
Although price has retreated after yesterday's breach of Monday's high at 1.1397 to 1.1411 on dollar's broad-based weakness and further choppy trading is likely to be seen, as aforesaid move signals the recent upmove from 1.1105 has resumed, upside bias is seen for gain towards 1.1411, break would yield stronger retracement of decline from 1.1460 towards 1.1425/60.
However, near term loss of momentum would keep price well below aforesaid top.
On the downside, only below 1.1150 would confirm a temporary top has been made and turn outlook bearish for further weakness to 1.1120/25.
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