At this point, there is no major support in the pair until the June 2010 low of 1.2150 which means we could see another 200 pip move lower in the pair before there are any sign of stabilization. Ongoing concerns about Spain and Greece continue to drive currencies and equities lower.
http://www.fx360.com/commentary/kathy/7657/how-much-further-can-eur-fall.aspx
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