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

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