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Daily Market Outlook (03 Aug 2021)
Update Time: 03 Aug 2021 00:19GMT
Next Update At: 08:30GMT
EUR/USD - 1.1878

Yesterday's retreat from 1.1896 suggests further sideways swings below Fri's 1-month peak at 1.1909 would continue with downside bias, below 1.1852 (reaction low Fri) confirms recent upmove from 1.1753 (Jul low) has made a temporary top and brings stronger retracement, reckon 1.1800/05 would remain intact.  
  
Only above 1.1909 risks marginal gain, however, loss of upward momentum would cap price at 1.1940/44 and yield decline later.  
  
 

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