The common currency gave up most of its recent gains amid fading optimism among investors, breaking back below the 1.2500 mark. In the 4 hours chart, the pair trades below a daily ascendant trend line that limited the downside yesterday, while indicators head south near their midlines. Price is finding temporal support at the 50% retracement of this week bullish run around current 1.2455 area. Immediate support is located at 1.2440, so once below, the bearish run may extend near 1.2380 before
