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Daily Market Outlook (31 May 2024)
Update Time: 31 May 2024 03:25GMT
Next Update At: 08:30GMT
EUR/USD - 1.0818

Although yesterday's strong rebound from 1.0789 suggests decline from May's 1-1/2 month 1.0894 peak has made a minor temporary bottom, as 1.0845 has capped upside, downside bias remains for weakness to 1.0761/67, the1 1.0725/35 before prospect of bounce later.  
  
On the upside, a daily close above 1.0858/60 may risk re-test of 1.0894, break, 1.0920/23.
 

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