EURUSD Dec 23

Despite the single currency's rise to a 4-month peak at 1.1199 in December, subsequent selloff to 1.1067 yesterday suggests medium-term upmove from 1.0880 (October) has made a temporary top there and consolidation with downside bias remains for stronger retracement to 1.1041, then 1.1050/55 however, support at 1.1004 should remain intact and yield rebound later.