Monday June 20, 2005 - 08:55:03 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2210
Update Time - 08:30GMT
Next update - 01:30GMT
Despite Friday's rally to 1.2289, subsequent sharp retreat suggests erratic upmove from 1.2017 low has possibly ended there and consolidation with mild downside bias is seen but reckon 1.2120 would contain weakness.
Abv said resistance would indicate aforesaid rise to retrace recent downtrend has resumed for marginal gain towards 1.2350/55...
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