The euro weakened against most major currencies ahead of European session on Friday.

The euro fell to 0.7203 against the pound and 128.04 against the yen, from early highs of 0.7216 and 128.34, respectively.

Against the U.S., the Australia, the New Zealand and the Canadian dollars, the euro edged down to 1.0756, 1.3813, 1.4033 and 1.3119 from early highs of 1.0785, 1.3857, 1.4082 and 1.3141, respectively.

If the euro extends its downtrend, it is likely to find support around 0.69 against the pound, 126.00 against the yen, 1.04 against the greenback, 1.36 against the aussie, 1.39 against the kiwi and 1.30 against the loonie.

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