There’s no respite for the common currency: after dipping below 1.2873, the pair seemed to be staging a comeback, but the falls resumed in the wake of the US session.
It’s currently holding on lower support, but this isn’t a strong one. This happens as the clouds darken above Greece and Spain.
For a second week in a row, the pair opened with a weekend gap, this time to 1.29. And for a second week in a row, the gap wasn’t closed quickly – a bearish sign that led to more falls.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-break-confirmed-next-support-eyed/"]EUR/USD Break Confirmed – Next Support Eyed[/URL][/I][/B]
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