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 may be found at 1.2573.