EUR/USD - 1.3922 Daily Market Outlook - Jul 7

 @ibtimes on July 07 2009 3:11 AM

Despite the rebound from yesterday's low at 1.3876, as euro has fallen after meeting renewed selling interest at 1.3995, suggesting correction has possibly ended but a breach of said support is needed to confirm the decline from 1.4202 (last week's high) has once again resumed and extend weakness towards 1.3826.    A break above resistance at 1.3995/99 would bring retracement to 1.4028 but 1.4050/60 should limit upside.

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