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Daily Market Outlook
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| Daily
Market Outlook (29 Jul 2010) |
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| Update
Time: |
29 Jul 2010 08:25GMT |
| Next Update
At: |
00:30GMT |
EUR/USD - 1.3070
Although euro has risen above good resistance at 1.3047 due partly to cross-buying vs yen in Europe, suggesting recent upmove from 1.1876 has once again resumed and further headway to 1.3095 would be seen but near term oversold condition should cap price well below 1.3142.
On the downside, only below 1.2952 would signal the upmove is over and yield stronger retracement to 1.2920. |
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