EUR/USD - 1.2717 Daily Market Outlook - Aug 27

By IBTimes Staff Reporter | August 27 2010 3:56 AM

Although euro has retreated after the week's erratic rise from 1.2588 (Tue) to 1.2765 y'day, as this move signals recent decline from 1.3334 has formed a temporary low further choppy trading is seen, reckon 1.2655 would contain weakness and yield another bounce. On the upside, only above said resistance would yield resumption of recent rise to 1.2830/35.

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