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Daily Market Outlook (19 Apr 2019)
Update Time: 19 Apr 2019 01:48GMT
Next Update At: 08:30GMT
EUR/USD - 1.1242

Despite this week's initial choppy sideways swings, yesterday's selloff in European morning due to soft German manufacturing PMI and subsequent weakness to 1.1227 in New York suggests correction from Apr's 1.1184 low has ended at last week's top at 1.1325 and downside bias remains for weakness to 1.1200/10 but reckon 1.1184 should hold.  
  
Only above 1.1275/80 'prolongs' volatile trading from 1.1325 and may risk another rise to 1.1300/10 later.
 

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