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Daily Market Outlook (02 May 2016)
Update Time: 02 May 2016 03:39GMT
Next Update At: 00:30GMT
EUR/USD - 1.1466

Euro's intra-day break of Apr's 1.1465 high to a 6-1/2 month peak of 1.1481 in Asia confirms medium-term uptrend has once again resumed and as long as 1.1430/35 holds, gain to 'psychological' 1.1500 level would be seen after consolidation, near term loss of momentum should prevent strong gain and reckon 1.1535/40 would cap upside.  
  
On the downside, below 1.1414 (previous res, now sup) would signal temporary top is in place and risk stronger retracement to 1.1370/80 before prospect of a rebound later.
 

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