Weak Eurozone inflation data raised expectations the European Central Bank will ease policy further at next week's meeting, which has weighed on the shared currency since early Europe.
EUR/USD broke below the 1.0900 level and printed a low of 1.0858, last seen Feb 1. The pair has moved slightly higher and it was last trading at 1.0867, still down 0.62% on the day. The pair however is headed for a tiny monthly gain as long as it closes above 1.0829.
EUR/USD levels to watch
As for technical levels, immediate supports are seen at 1.0814 (Feb 1 low) and 1.0777 (Jan 21 low). On the flip side, resistances could be found at 1.0975 (50-day SMA), 1.1045 (200-day SMA) and 1.1067 (Feb 26 high).
(Market News Provided by FXstreet)