The euro continued to be lower against the U.S. dollar and the pound in European trading on Monday.
The single currency declined to an 11-day low of 0.7257 versus the pound and a 5-day low of 1.1266 against the greenback, reversing from its early lows of 0.7285 and 1.1330, respectively. The euro is likely to challenge support around 0.70 against the pound and 1.11 against the greenback.
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