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Daily Market Outlook (03 Sep 2015)
Update Time: 03 Sep 2015 02:15GMT
Next Update At: 08:30GMT
EUR/USD - 1.1219

Despite euro's rebound from last Friday's low at 1.1156 to 1.1332 on Tuesday, subsequent retreat ahead of ECB's rate decision today suggests further choppy trading below last Monday's 7-month peak at 1.1715 would continue with mild downside bias and weakness towards 1.1180 is envisaged, however, said support should hold on first testing and yield recovery later today or tomorrow.  
  
On the upside, only above 1.1332 would confirm aforesaid correction has ended and turn outlook bullish for a stronger retracement towards 1.1396/00.
 

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