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EUR/USD extends lows to 1.2635

FXStreet (San Francisco) - The Euro remains depressed on Wednesday as investors are selling the unique currency versus the US Dollar. After extending declines by 15 pips in the latest few minutes, the EUR/USD reached fresh lows since October 15 at 1.2635.

Currently, EUR/USD is trading at 1.2642, down 0.58% on the day, having posted a daily high at 1.2741 and low at 1.2637. The hourly FXStreet OB/OS Index is showing extremely oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.

EUR/USD levels

If the EUR/USD consolidates below 1.2650, it will face next supports at 1.2635 and 1.2620. To the upside, resistances are at 1.2650, 1.2680 and 1.2705.

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