EUR/USD - 1.4009 Daily Market Outlook - Jul 3

03 July 2009 @ 03:08 am EDT

Despite euro's intra-day rebound from 1.3927 (Australian low), as the early selloff from 1.4202 signals the erratic rise from 1.3748 has ended, downside bias remains for another fall and a breach of said support would encourage for further subsequent weakness towards 1.3888.  

  

On the upside, only above 1.4045 would abort this bearish scenario and signal temporary low has been formed, risk stronger retracement to 1.4100/10...

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