Tuesday June 14, 2005 - 08:17:32 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2130
Update Time - 08:00GMT
Next Update - 01:30GMT
Yesterday's strong rebound suggests recent decline has finally made a temporary low at 1.2028 and few days of choppy consolidation would be seen, however, as long as 1.2195/00 holds, bearishness remains for downtrend to resume later this week for weakness towards psychological sup at 1.2000.
On the upside, above 1.2195/00 would risk stronger correction to 1.2250 before down.
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