DAILY MARKET OUTLOOKUpdate Time: 21 Dec 2015 00:17 GMT
EUR/USD - 1.0870
Although Friday's rebound from 1.0805 to 1.0875 suggests further choppy sideways trading above last week's low (Thur) at 1.0802 would continue, as long as overhead res area at 1.0878-88 holds, euro's decline from last Tuesday's 6-week peak at 1.1060 would resume after consolidation and yield marginal weakness to 1.0775/85 before prospect of a rebound later today or tomorrow, loss of momentum should keep price well above 1.0750.
On the upside, a firm rise above 1.0905 (previous sup, now res) would signal aforesaid fall from 1.1060 has a low and bring stronger retracement to 1.0935/45.
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