FXstreet.com (Córdoba) - EUR/USD finally gathered downward momentum to break decisively below the 1.2500 mark, accelerating losses toward its lowest level since Jun 2010 at 1.2469.
The dollar soared across the board as gold lost more than $25 an ounce in a matter of minutes, with the downgrade of Spain by Eagan Jones just fueling EUR/USD selling.
At time of writing, EUR/USD is trading at 1.2485, recording a 0.4% loss on the day. On the downside, next supports are seen at 1.2470, 1.2450 and 1.2400, while on the upside, resistances on bounces could be found at 1.2515, 1.2555 and 1.2600.
