DAILY MARKET OUTLOOK Update Time: 26 Jun 2015 01:00GMT
EUR/USD - 1.1186
Although euro's choppy trading after extending decline from last Thursday's 2-week peak at 1.1440 to 1.1135 on Tuesday is likely to continue today.
As 1.1235 has capped such recovery on Wednesday, a downside bias remains then move to retrace early upvmove from 1.0819 (May) to resume and yield further weakness towards chart objective at 1.1083 later.
On the upside, only a move back above 1.1292 (previous support, now resistance) would indicate a low has been made and shift risk to upside for gain towards 1.1347.
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