Ramon Ramirez Posted June 12, 2012 Report Posted June 12, 2012 FXstreet.com (Barcelona) - After climbing as high as 1.2522, the single currency has returned to trade back below the 1.2500 mark,, with increasing yields in Spanish debt markets and widening spreads in CDS weighting on sentiment. The financial aid directed to the Spanish banking system has become just a memory by now, as market participants are closely watching the evolution of the bonds market and the Greek elections on Sunday are growing in importance. EUR/USD is now up 0.22% at 1.2494, facing the next resistance at 1.2528 ahead of 1.2567 them 1.2610 and 1.2672 On the other hand, support levels lie at 1.2435 followed by 1.2426 then 1.2405 and 1.2386
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