Wednesday June 22, 2005 - 09:52:59 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2165
Update time - 08:30GMT
Next update - 01:30GMT
Although euro's yesterday's strong rebound from 1.2070 suggests further consolidation above 1.2017 low would be seen, upside should be limited to 1.2240 and resistance at 1.2289 would remain intact.
Below 1.2070 would signal downtrend has resumed for a re-test of 1.2017 later this week...
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