Reversing direction, the euro declined against most major rivals in Europe on Monday.

The single currency weakened to an 11-day low of 129.51 against the yen, from a high of 130.90 hit at 1:45 am ET.

The euro, having advanced to 1.1184 versus the greenback, reversed direction and reached as low as 1.1110.

The euro eased to 1.1067 against the franc, 1.5674 against the aussie, 1.6760 against the kiwi and 1.5455 against the loonie, from its early highs of 1.1095 and 1.5785, 6-day high of 1.6895 and a near 2-week high of 1.5549, respectively.

The next possible support for the euro is seen around 1.10 against the greenback, 128.00 against the yen, 1.095 against the franc, 1.56 against the aussie, 1.66 against the kiwi and 1.56 against the loonie.

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