EUR/USD slumps below 1.2500, fresh 2-year lows

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.

EUR/USD May 29 at 16:37 GMT

1.2473/75 (-0.54%)

H1.2576 L 1.2461

S3	S2	S1	R1	R2	R3
1.2421	1.2452	1.2483	1.2584	1.2615	1.2647

Trend Index	OB/OS Index
Data updated on May 29 a 16:30 GMT (15-minute timeframe)
Strongly Bearish	Overbought

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