FXstreet.com (Córdoba) - The Euro extended it losses across the board in the last hours. Against the Dollar fell to 1.4500 reaching a fresh 2-month low. EUR/USD has fallen almost 150 pips so far today. Currently the pair trades near the lows at 1.4512/16, 0.97% below today's opening price.
James Hyerczyk, analyst at ForexHound.com, comments: Technically, the Euro is headed toward a major uptrending Gann angle from the March low at 1.2456. This angle comes in at 1.4496 today. In addition, a minor .618 retracement level is at 1.4465. Breaking under these two levels will be bearish for the long-run, but oversold short-term indicators could trigger a technical bounce or short-covering rally.
Against the Pound, the Euro fell to a fresh 3-week low. EUR/GBP has fallen below 0.8950 and bottomed at 0.8930, reaching the lowest price since November 19.