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EUR/USD lost some ground after its gains following the victory of pro-bailout parties in Greece (June 18th). While hurdles to forming a coalition will likely be overcome, the troubles in the euro-zone are far from over. The focus has quickly shifted to Spain, where bond yields remain at dangerous levels, and the announced bailout might already be too small. It seems that without central bank intervention, more falls are on the cards. Tuesday go off to a bad start, as both the German and Euro-zone ZEW Economic Sentiment indicators posted sharp declines. In the US, today’s key release is US Building Permits. As well, the G20 meeeting wraps up today in Mexico.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-june-19-weak-german-data-spanish-yields-unnerve-markets/"]EUR/USD - Weak German Data, Spanish Yields Unnerve Markets[/URL][/I][/B]