The European currency dropped against its major rivals in early European deals on Tuesday.

The single currency resumed decline to a 5-day low of 0.7105 against the pound, from a high of 0.7128 hit at 3:15 am ET.

The single currency fell to a 4-day low of 132.17 against the Japanese yen, off its early high of 132.79.

The euro pared gains against the greenback and the yen, trading at 1.0730 and 1.0775, down from its prior highs of 1.0764 and 1.0799, respectively.

The next possible support for the euro may be located around 1.05 against the greenback, 131.00 against the yen, 0.70 against the pound and 1.065 against the franc.

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