It finally happened: EUR/USD cracked below the 1.35 level that Mario Draghi sent it to. The pair was hovering above this line and it made a move below. The new low so far is 1.3490 - the lowest since February. The euro was pushed down due to several reasons: Weak European indicators: German ZEW came out below expectations, and so did the current account. And while inflation did not disappoint, at 0.5% it remains at rock bottom levels. Portugal: With a major shareholder in Portugal suffering issues, there are worries that the whole banking system in Europe remains fragile. Change in euro-zone flows. With the ECB's OMT ... (full story)