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Forex: EUR/USD touches 1.3000

FXstreet.com (Córdoba) - The euro weakened further versus the dollar and fell to test the 1.3000 psychological level, weighed by strong risk aversion and Weidmann dovish comments. Against this backdrop, the euro lost nearly 200 pips throughout the day as it was rejected from the 1.3200 area during the European session.

The tailspin however, recently found an interim bottom at the major support level of 1.3000 where EUR/USD printed a 9-day low before bouncing. At time of writing, EUR/USD is quoting around 1.3030, recording a 1.1% loss on the day.

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