FOREX-Euro hits 4-mth low on funding fears, outlook bleak | Reuters

FOREX-Euro hits 4-mth low on funding fears, outlook bleak | Reuters: "The euro hit a four-month low against the dollar on Monday with further pressure to the downside on worries about the ability of indebted euro zone countries to raise funds and speculation Portugal will be forced to seek financial help.

Analysts said the euro's close below its 200-day moving average last week at $1.3074 was particularly bearish. The next key downside support lies at $1.2795, the 61.8 percent Fibonacci retracement of its rally from June to November."