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Daily Market Outlook (24 Sep 2020)
Update Time: 24 Sep 2020 01:16GMT
Next Update At: 08:30GMT
EUR/USD - 1.1676

The single currency's fall to a near 2-month bottom at 1.1652 on usd's continued strength yesterday suggests decline from September's 2-year peak at 1.2011 remains in progress and intra-day rebound on short-covering would yield consolidation before prospect of another fall later, below 1.1652 would extend to 1.1630/40, however, loss of momentum would keep price above 1.1601 and yield correction.  
  
On the upside, only above 1.1718 would indicate a temporary bottom has been made and risk stronger retracement to 1.1767 before prospect of another retreat.
 

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