DAILY MARKET OUTLOOK Update Time: 08 Jul 2015 01:18 GMT
EUR/USD - 1.0990
Despite euro's initial sell off to a fresh 5-week trough at 1.0916 in New York morning, subsequent intra-day rally to 1.1053 suggests decline from June's peak at 1.1440 has made a temporary low there but as long as 1.1218/22 resistance area holds, choppy trading with downside bias remains.
Below 1.0916 would yield further weakness to 1.0887 but daily sup at 1.0819 should remain intact.
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