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Forex: EUR/USD extends losses below 1.3050

FXstreet.com (Córdoba) - After a phase of consolidation, EUR/USD came under renewed pressure in a spike of risk aversion, which also led US stocks and USD/JPY to fresh session lows.

EUR/USD extended losses and hit a 1-week low of 1.3035 before finding support at roughly the same level it did last Friday. At time of writing, EUR/USD is trading around 1.3040, where it is 0.5% below its opening price.

As for technical levels, if EUR/USD breaks below 1.3035, next supports are seen at 1.3000 (psychological level) and 1.2970 (Apr 8 low). On the other hand, resistances could be found at 1.3115 (intraday high), 1.3138 (Apr 11 high) and 1.3145 (100-day SMA).

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