Forex: EUR/USD extends losses on USD strength

FXstreet.com (Córdoba) - The EUR/USD continues to be dragged lower by an impressively strong USD, with the shared currency having recently printed a 2-week low.

EUR/USD slid below the 200 SMA in 4 hour charts and hit a low of 1.3010 before bouncing slightly. The pair is currently trading around 1.3020, posts a 1.0% loss on the day.

Below 1.3000, next support level could be faced at 1.2975 (200-hour SMA). The 1.3110/15 zone should hold bounces for now, followed by 1.3175 (daily high).