Thursday June 9, 2005 - 08:11:54 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2230
Update Time - 08:00GMT
Although yesterday's selloff from 1.2355 signals correction from 1.2158 low has ended there and consolidation with downside bias is seen, a firm break of 1.2204 support is needed to confirm downtrend has resumed for re-test of said support level later.
Abv 1.2300 would prolong sideways trading but aforesaid resistance should hold...
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