Monday July 4, 2005 - 09:05:57 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.1925
Update time - 08:30GMT
Next update - 01:30GMT
As euro's major decline from 1.3670 has resumed, further weakness to 1.1845/50 and eventual re-test of 1.1760 daily sup is envisaged, however, oversold condition should prevent steep decline below there and risk has increased for a correction later.
On the upside, only above 1.2015 woould signal temporary low is made and risk stronger recovery before down.
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