Monday July 11, 2005 - 08:36:20 GMT
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EUR/USD Daily Outlook
EUR/USD - 1.2016
Update time - 08:30GMT
Next update - 01:30GMT
Euro's rebound after Friday's fall to 1.1873 suggests further choppy trading above last week's low at 1.1868 would be seen but break of 1.2045 resistance is needed to signal stronger correction of recent decline is under way towards 1.2070/80.
Below 1.1970/75 would risk weakness to 1.1920 but said support level should remain intact...
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