Spain remains in centre stage after protests in Madrid are threatening to spread all over the country in firm opposition to new austerity measures. In the same direction, agency S&P has downgraded Spanish growth forecast for 2013 to -1.4% from -0.8%.
At the moment the cross is down 0.21% at 1.2872 with the immediate support t 1.2826 (MA200d) ahead of 1.2815 (low Sep.12) and 1.2808 (MA21d).
On the upside, a brack above 1.2970 (MA100h) would bring 1.3000 (MA10d) and 1.3059 (high Sep.20).
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