EUR/USD is making a sharp move lower. After losing a minor support line, the pair is now heading for a third attempt on a stronger line. France is on the line for a downgrade from S&P and so are additional euro-zone countries. Euro/dollar is currently at 1.2695. It dropped from the 1.2873 line earlier in the day and fell easily through minor support. It lost the gains made after Mario Draghi successfully calmed the markets yesterday. 1.2660 is critical support. It is a double bottom, after it was tested twice during the week. A two-notch downgrade for France, which is on the cards for a long time, could send the pair ... (full story)