Tue, 12 Jun 2012 14:54:40 GMT
Euro gains are limited by concerns over Spain and Greece
On Tuesday, the Euro was growing
against the U.S. dollar, but gains seemed to be capped by
cautiousness over mechanics of Spanish bank bailout, and the outcome
of the weekend's elections in Greece. EUR/USD peaked at 1.2529, and
later consolidated at 1.2506, which was a 0.20% gain during European
afternoon trading session. The pair's initial support was prone to be at
1.2409, while an interim resistance