EUR/USD - 1.2320 Daily Market Outlook - Jun 17

By IBTimes Staff Reporter | June 17 2010 7:18 AM

The single currency found renewed buying interest at 1.2242, suggesting the pullback from yesterday's high of 1.2354 has ended there and erratic upmove from 4-year low of 1.1876 should resume for re-test of said resistance, above would extend to 1.2410 and possibly towards 1.2480/86 before retreat. On the downside, below 1.2242 would bring stronger correction of aforesaid upmove to 1.2168/71 b4 prospect of a strong rebound.

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