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Daily Market Outlook (28 Jan 2025)
Update Time: 28 Jan 2025 15:44GMT
Next Update At: 00:30GMT
EUR/USD - 1.0431

Despite euro's rise to a 5-week high of 1.0533 yesterday, loss of momentum and intra-day fall on tariffs concerns (see MMN) suggests rise from Jan's 25-month 1.0179 trough has made a temporary top and below last Thur's 1.0373 low would head to 1.0330/40 before prospect of bounce.  
  
On the upside, a daily close above 1.0500/10 would risk stronger gain to 1.0533/39, break, 1.0565/70.
 

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