The Euro extended its decline against the Dollar and fell barely below yesterday's lows to 1.2165, hitting a 1-week low. EUR/USD is consolidating important losses for the day.
The European currency remains under pressure across the board amid concerns over fiscal and financial problems in the Eurozone.
The pair continues to trade near daily lows and is approaching to 4-year lows that lie at 1.2140/45. Below, the next support levels lie at 1.2100 and 1.2060/65 (Apr 12 /13 2006 lows).
The European currency remains under pressure across the board amid concerns over fiscal and financial problems in the Eurozone.
The pair continues to trade near daily lows and is approaching to 4-year lows that lie at 1.2140/45. Below, the next support levels lie at 1.2100 and 1.2060/65 (Apr 12 /13 2006 lows).
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