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Daily Market Outlook
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| Daily
Market Outlook (24 Jan 2020) |
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| 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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