The euro fell around 30 pips to a session low at $1.2181 on the ratings news, coming close to the overnight trough of $1.2166 -- a level not seen since mid-2010. Immediate support is expected around $1.2151, the June 29, 2010 low, ahead of the 2010 trough of $1.1876. It last stood at $1.2197.
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