FXstreet.com (CÃ³rdoba) - The Dollar is extending gains across the board. EUR/USD has fallen below 1.4300 to 1.4289. The next support lies at 1.4275 and below at 1.4240. EUR/USD is accumulating a decline of 50 pips so far during the American session.
According to James Hyerczyk of ForexHound.com: There is weakness developing in the EUR USD as traders seem to be backing away from the long side following comments over the week-end by European Central Bank President Trichet that put a damper on Fed Chairman Bernanke's upbeat comments from Friday.