EUR/USD continues dropping amid Italy, Spain woe

The euro continued to falter against the dollar during Tuesday’s Asian session as traders in the region took their turn digesting a spate of glum news out of the euro zone released on Monday. 

In Asian trading Tuesday, EUR/USD slumped 0.14% to 1.3496. The pair was likely to find support at 1.3415, last Tuesday's low, and resistance at 1.3711, Thursday's high. EUR/USD plunged 0.79% during Monday’s U.S. session. 

One reason for the common currency’s ills is news out of Spain. Amind corruption allegations, Spanish Prime Minister Mariano Rajoy is facing calls for his resignation. Those headlines and others interrupted the euro’s recent ascent against the greenback. Continue Reading....