DAILY MARKET OUTLOOK Update Time: 30 Jun 2015 01:36 GMT
EUR/USD - 1.1196
Despite euro's gap-down open to a near 1-month low of 1.0955 on Monday due to heightening fear of a Grexit, subsequent rally to 1.1142 in Europe, then to 1.1279 in New York on 'active' short covering especially versus USD, YEN and GBP signals decline from June's peak at 1.1440 has made a low there and stronger retracement towards 1.1347 (80.9% r) is envisaged later this week.
On the downside, only a daily close below 1.1112 (previous resistance, now support) would shift risk to downside for weakness towards 1.0955 again.
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