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Daily Market Outlook (04 Aug 2020)
Update Time: 04 Aug 2020 01:17GMT
Next Update At: 08:30GMT
EUR/USD - 1.1755

Despite the single currency's rise to a fresh 2-year peak at 1.1908 last Friday, subsequent selloff to 1.1697 in New York yesterday suggests recent upmove has made a temporary top there and choppy trading with mild downside bias would be seen, however, support at 1.0732 would remain intact and yield rebound later.  
On the upside, only above 1.1896 would indicate aforesaid correction has ended and risk re-test of said resistance, break would extend to 1.1940/50.

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