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Daily Market Outlook (10 Feb 2016)
Update Time: 10 Feb 2016 01:35GMT
Next Update At: 08:30GMT
EUR/USD - 1.1292

Although euro's retreat from yesterday's fresh 3-1/2 month peak at 1.1338 in New York suggests initial consolidation is in store in Asia, reckon renewed buying would emerge above 1.1250 (last week's high, now sup) and bring rebound, above 1.1338 would extend recent uptrend to 1.1355/60, near term loss of momentum should cap price below daily chart res at 1.1387.  
  
On the downside, a daily close below 1.1250 would be the 1st signal temporary top is finally in place, then risk is seen for a long-overdue correction twd 1.1163.  
  
 

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