Greece's credit rating downgraded to junk by S&P, the G in "PIGS" first led the S's credit rating to be cut too. It would probably be a matter of time for the P and I being downgraded. Euro would definitely fluctuate a lot, and the most possible way is of course downwards.
We can see that EUR is beautifully supported by the 61.8%-projection and a little RSI divergence. We could expect a short rebound followed by a greater drop afterwards. Once it breaks 1.3118, the next support would be as low as around 1.30.
Good luck everyone.
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