FXstreet.com (Córdoba) - The euro seems unable to take a breather, as it continues to break major support levels versus the dollar, weighed by concerns about the euro zone debt crisis, with the Spanish banking sector now in the eye of the storm.
EUR/USD extended its decline and having lost more than 100 pips throughout the day, recently broke below the 1.2400 hurdle to hit its lowest rate since Jul 2010 at 1.2387. At time of writing, EUR/USD is trading around 1.2395/1.2400, recording a 0.8% loss on Wednesday.
In terms of technical levels, next supports could be found at the 1.2380/90 area followed by 1.2350 and 1.2300, while on the flip side, resistances are seen at 1.2410, 1.2460 and 1.2500.
