Wednesday June 8, 2005 - 08:46:28 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2310
Update Time - 08:30GMT
Euro's intra-day rise suggests an upside break of the consolidation from 1.2158 low would take place and above 1.2345 would confirm, bring stronger correction of recent decline to 1.2380 later.
Below 1.2255/60 would indicate further choppy trading is in store but breach of 1.2204 support is needed to signal downtrend has resumed instead.
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