Euro Falls Against Majors

The euro slipped against its major counterparts in early European deals on Monday.

The euro dropped to 0.8869 against the pound, 127.25 against the yen and 1.1361 against the greenback, from its early highs of 0.8893, 127.77 and 1.1413, respectively.

The single currency declined to near a 4-week low of 1.6029 against the aussie, from a high of 1.6079 hit at 10:15 pm ET.

Extending early slide, the euro fell to a 10-day low of 1.7374 against the kiwi, reversing from a high of 1.7483 hit at 10:15 pm ET.

Reversing from an early 5-day high of 1.4956 against the loonie, the euro declined to 1.4896.

If the euro falls further, it may challenge support around 0.87 against the pound, 125.00 against the yen, 1.12 against the greenback, 1.58 against the aussie, 1.70 against the kiwi and 1.47 against the loonie.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Euro Falls Against Majors

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*