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 Euro Slips To 6-day Low Against Canadian Dollar

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PostSubject: Euro Slips To 6-day Low Against Canadian Dollar   Euro Slips To 6-day Low Against Canadian Dollar Icon_minitimeThu Aug 09, 2012 10:56 am



Euro Slips To 6-day Low Against Canadian Dollar


The euro extended its 3-day losing streak against the Canadian dollar in early deals Thursday, falling to a 6-day low of 1.2286 around 3:45 am ET.
The common currency rightly retreated from its key medium-term resistance zone of 1.2450 that hit on Monday.
The near-term support for the euro-loonie pair is seen around the 1.2270/75 area and any further risk-off wave could prompt the pair re-testing last week's all-time low of below 1.21.



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