Reversing direction, the euro bounced off from its early lows against the other major currencies in European morning deals on Monday.
The euro was trading at 134.89 against the yen, 0.6964 against the pound and 1.0863 against the greenback, off its previous lows of 134.32 and 0.6936, and near a 2-month low of 1.0819, respectively.
The single currency, having fallen to a 4-day low of 1.0402 against the franc at 5:00 pm ET, reversed directing with the pair trading at 1.0438.
The euro is likely to find resistance around 135.5 against the yen, 0.71 against the pound, 1.05 against the franc and 1.09 against the greenback.
The material has been provided by InstaForex Company – www.instaforex.com