DAILY MARKET OUTLOOK Update Time: 02 Jul 2015 01:21 GMT
EUR/USD - 1.1045
Euro's selloff after a brief rebound from 1.1095 to 1.1171 in Europe and then subsequent breach of Tuesday's low at 1.1113 signals correction from Monday's near 1-month trough at 1.0955 has ended the same day at 1.1279 and consolidation with downside bias remains.
However, only a breach of said support would confirm decline from June's peak at 1.1440 has resumed and extend weakness to 1.0900/10 later.
Above 1.1110/13 would prolong choppy trading but resistance at 1.1171 should remain intact.
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