Wednesday June 1, 2005 - 08:48:08 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2287
Update Time - 08:30GMT
Although euro's downtrend has once again resumed, loss of momentum suggests downside would be limited to 1.2240/50 and yield correction to 1.2340 and possibly 1.2360/70 before another selloff is seen tomorrow or on Friday.
Below 1.2240 would extend weakness to 1.2190/00 before prospect of a rebound.
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