Reversing direction, the euro dropped against the U.S. dollar and the pound in early European deals on Wednesday.

The euro dropped to 0.7768 against the pound and 1.1257 against the greenback, from its early highs of 0.7819 and 1.1311, respectively. The next possible support for the euro may be found around 0.76 against the pound and 1.10 against the greenback.

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