The EURUSD fell through out the trading day Tuesday.  The pair broke below key support at 1.2060 following the close of European trading.  Tuesdays difficulties stem from concerns over Spainish bond yields hitting record highs once again.  This has forced investors to safe haven plays.  Forcing the dollar and the 10 year treasury yields lower.  Thus creating another year to date low Tuesday.  1.2060 could act as a pivot in Asian and European trading.  If the pair remains below this level the cross could continue its slow path towards 1.1880.  If the pair breaks above this 1.2060 level the cross could push back towards 1.2150 before new sellers emerge.

Pivot        1.2060

Sup           1.1880

Res           1.2150

Keane Insight:  Looking for a pull back towards 1.2150 to sell into.