The uncertainty in Greece to form a new government as well as the financial troubles in Spain has put a downward pressure on EUR and has tipped the USD to rise against euro as the investors are looking for a safe haven.
This forms a downtrend in EUR/USD on a daily chart and reaches the lows of the beginning of the year, it as broken the support of 1.3000. It is possible that with a continued bearish pressure in Europe EUR/USD will break the 1.2650 support as well.
