Euro Extends Fall Against Majors
February 21 2017 - 12:15AM
RTTF2
The euro extended its early weakness against the other major
currencies in the early European session on Tuesday.
The euro fell to an 8-month low of 1.0632 against the Swiss
franc, from an early high of 1.0645.
Against the yen, the euro dropped to 119.80 from an early 4-day
high of 120.31.
Against the pound and the U.S. dollar, the euro slipped to 6-day
lows of 0.8481 and 1.0541 from early highs of 0.8515 and 1.0615,
respectively.
If the euro extends its downtrend, it is likely to find support
around 1.05 against the franc, 118.00 against the yen, 0.83 against
the pound and 1.04 against the greenback.
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