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Daily Market Outlook (24 Jan 2020)
Update Time: 24 Jan 2020 01:22GMT
Next Update At: 08:30GMT
EUR/USD - 1.1053

Despite yesterday's brief jump to 1.1108 at New York open, subsequent selloff below Wednesday's 1.1071 low to a 7-week bottom at 1.1037 on dovish comments from ECB's Lagarde suggests recent decline from December's 4-1/2 month peak at 1.1239 has resumed and further weakness to 1.0982/85 would be seen after consolidation.  
  
On the upside, only above 1.1108/18 would risk stronger retracement to 1.1142/46.
 

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