Thursday June 30, 2005 - 10:46:22 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2075
Update time - 08:30GMT
Next update - 01:30GMT
Euro's rebound from yesterday's low at 1.2015 suggests choppy consolidation would continue ahead of FOMC rate announcement and above 1.2113 would risk gain to 1.2140 but res at 1.2189 should cap upside, yield resumption of downtrend later.
Below 1.2015 would confirm such fall is under way and bring subsequent re-test of 1.1981 and then 1.1950.
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