EUR/USD - 1.5044 Daily Market Outlook - Dec 1

By @ibtimes on

Euro's intra-day rebound after finding buying interest at 1.4970 suggests the retreat from yesterday's high at 1.5085 has ended and upside bias is seen for a re-test of said resistance, break there would extend near term upmove from 1.4827 to 1.5110/20 but only breach of 1.5145 (last week's '09 top) would confirm medium-term uptrend has resumed.  
  
On the downside, below aforesaid support at 1.4970 would yield stronger pullback to 1.4920/30 before prospect of another rise.

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