DAILY MARKET OUTLOOK Update Time: 29 Jun 2015 01:15 GMT
EUR/USD - 1.1020
Euro's intra-day gap-down open to 1.0954 due to surprise news of Greek bailout referendum and EU's refusal to Greece's debt payment extension request suggests early erratic rise from 1.0819 (May's low) has ended earlier at 1.1440 and choppy trading with downside bias is seen for weakness to 1.0887 (June low), then towards May's bottom at 1.0819 (reaction low from 1.1467) later this week.
On the upside, only a daily close above 1.1135 (previous support, now resistance) would indicate a temporary low has been made and yield stronger retracement towards 1.1200 but resistance at 1.1235 should remain intact.
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