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Daily Market Outlook
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| Daily
Market Outlook (16 May 2024) |
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| Update
Time: |
16 May 2024 04:39GMT |
| Next Update
At: |
08:30GMT |
EUR/USD - 1.0887
Euro's resumption of upmove from Apr's 5-month bottom at 1.0602 to a 1-1/2 month 1.0886 high yesterday, then intra-day break there suggests gain towards 1.0942/45 after consolidation, overbought condition should prevent strong gain above and 1.0963/66 should cap upside.
On the downside, only a daily close below 1.0855/60 risks weakness to 1.0825/35 before rebound. |
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