After a period of indecision since the New York session on Tuesday afternoon, the European currency resumed its late May sell-offs against the Swiss franc in early deals on Wednesday.
The common currency fell to a 2-day low of 1.2367 against the Swiss franc around 6:50 am ET, depreciating a 0.12 percent from Tuesday's close of 1.2384.
The next downside target for the currency cross is visible around the 1.2330 area, its Monday's low and a move below that mark could set its weakest since May 9.
The common currency also shed gains against the yen, falling back to below the key 130.0 level around 6:30 am ET. The pair was trading at 129.94 around 6:55 am ET, just about testing yesterday's bottom level.
