FXstreet.com (Barcelona) - EUR/USD has dropped from intra-day high at 1.2760 at Thursday's U.S. session opening all the way down to 1.2575, reaching its largest weekly decline ever against the Dollar; from a week-high at1.2824 on Monday.

The Euro has returned into the downward trendchannel off 1.3093 an the pair looks strongly bearish in the hourly charts. Next support level at the 1.2760/75 area, and below here intra-day support at 1.2525, and 1.2511, Wed 18 low. On the upside, 1.2630/40 is the next resistance level, and above here 1.2700 and 1.2760 (Thursday 20 high).