EUR/USD Mid-Day Outlook

Jul 19 2010

No change in EUR/USD's outlook. Intraday bias remains on the upside, with 1.2865 minor support intact. Current rally is still expected to continue to 1.3105/3123 cluster level next (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 at 1.3105). Though, as such rise