Thursday June 23, 2005 - 08:45:03 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2095
Update time - 08:30GMT
Next update - 01:30GMT
Euro's intra-day selloff indicates consolidation with downside bias remains but a break below 1.2055/60 is needed to confirm recent downtrend has finally resumed and bring re-test of 1.2017 low.
Above 1.2145 would prolong the choppy trading inside the broad range of 1.2017-1.2289 and risk further gain towards 1.2200 before retreat.
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