The euro dropped against the other major currencies in early European deals on Monday.

The euro fell to 1.5882 against the aussie and 1.4878 against the loonie, coming off from an early high of 1.5987 and a 4-day high of 1.4951, respectively.

Continuing early slide, the single currency dipped to near a 3-week low of 1.7454 against the kiwi, following a high of 1.7620 hit at 8:15 pm ET.

The 19-nation currency pared gains to 1.0942 against the franc, from its prior high of 1.0970.

The euro reached as low as 1.1165 against the greenback, 0.7351 against the pound and 134.20 against the yen.

If the euro extends slide, it may find support around 1.10 against the greenback, 1.07 against the franc, 132.00 against the yen, 0.72 against the pound, 1.475 against the loonie, 1.73 against the kiwi and 1.575 against the aussie.

The material has been provided by InstaForex Company – www.instaforex.com