DAILY MARKET OUTLOOKUpdate Time: 04 Dec 2015 01:49 GMT
EUR/USD - 1.0909
Euro's spectacular 3.45% rally from yesterday's fresh 7-1/2 month bottom of 1.0523 to as high as 1.0981 near New York close confirms recent downtrend has indeed formed a low there and 'choppy' trading is seen ahead of release of key U.S. jobs report later today.
As long as 1.0848/53 holds, outlook remains supportive for further gain towards next daily chart objective at 1.1073.
A daily close below said sup area would suggest 1st leg of correction is over, then risk of a stronger retracement towards 1.0752 50% r) can't be ruled out before prospect of another rise next week.
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