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Euro drops against dollar amid fears of floundering Eurozone economy

The euro declined against the dollar on Friday amid concerns Eurozone may require fresh stimulus measures from European Central Bank

By Richard Nehme | Oct. 13, 2014 09:56 BST
Euro continues to benefit from weaker USD
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EURUSD opened on Friday at 1.2690 and dropped considerably over the course of the days trading to post a low of 1.2613. The euro declined against the dollar on Friday amid concerns the European economy is floundering and may require fresh stimulus measures from the European Central Bank. The pair is likely to find support at 1.2582, and resistance at 1.2790 [...]

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