06 June 2012 06: 24 GMT
EUR/USD: The market is in the process of correcting from some violently oversold levels after breaking to yearly lows just under 1.2300. While our overall outlook remains grossly bearish, from here, we still see room for short-term upside before a lower top is sought out fresh. Look for a close back above 1.2545 to open the door for acceleration into the 1 2800 - 1 3000 area, where fresh offers are likely to re-emerge.
EUR/USD: The market is in the process of correcting from some violently oversold levels after breaking to yearly lows just under 1.2300. While our overall outlook remains grossly bearish, from here, we still see room for short-term upside before a lower top is sought out fresh. Look for a close back above 1.2545 to open the door for acceleration into the 1 2800 - 1 3000 area, where fresh offers are likely to re-emerge.
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