DAILY MARKET OUTLOOK EUR/USD - 1.3887
Update Time: 10 Mar 2014 01:05 GMT
Although price has rebounded after sharp retreat from last Friday's fresh 2-year peak at 1.3915 to 1.3853 and minor consolidation would be seen in Asia today, as aforesaid move signals a temporary top has been made there, outlook remains mildly bearish for a stronger retracement to 1.3795/00. However, sharp fall below there is unlikely to be seen and support at 1.3776 would hold and yield strong recovery later.
On the upside, only a daily close above 1.3915 would revive bullishness for further gain to 1.3939, then 1.3950/55 before prospect of a correction.
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