AceTraderFx Dec 05: Daily Recommendations on Major -EUR/USD DAILY MARKET OUTLOOK on Major Update Time: 05 Dec 2017 06:30 GMT EUR/USD - 1.1874 Despite yesterday's weakness to 1.1830 (New York) on usd's broad-based strength due to market optimism on U.S. tax overhaul, subsequent rebound on profit taking in the usd suggests euro would continue to 'gyrate' inside recent broad range of 1.1961-1.1809 range with upside bias, above 1.1900 would add credence to this view and may head back towards 1.1940. On the downside, only below last week's 1.1809 low would risk stronger correction of recent upmove to 1.1770/75 before prospect of a recovery later this week. Today is PMI day, Italy will release Markit services PMI, then the same from France, Germany and the EU. EU will also release retail sales. Last but not least, Buba President n ECB Board member Weidmann will at a conference in FFT at 16:30GMT.