Monday June 27, 2005 - 09:11:26 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2165
Update time - 08:30GMT
Next update - 01:30GMT
Euro's strong rebound from 1.1981 suggests recent decline has made a temporary low and choppy consolidation with upside bias is seen for gain towards near term pivotal res at 1.2205, however, a break above there is needed to bring stronger retrace. to 1.2289 later.
Below 1.2084 would signal correction has possibly ended and below 1.2050 would confirm.
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