EUR/USD plunges to 13-year low

The EUR/USD pair came under renewed selling pressure and accelerate the downslide to hit the lowest level since Jan. 2003.

Currently trading around 1.0415 region, resurgent greenback buying interest, in wake of Wednesday's hawkish Fed statement, has been the key factor exerting intense selling pressure around the major. 

Moreover, possibilities of stops getting triggered, on a decisive break below March 2015 lows support near 1.0460 region might have also contributed to the pair's latest leg of sharp slide in the past hours.

Traders will now look forward to US economic docket for some immediate respite for bulls.

Technical levels to watch

On a sustained weakness below 1.0400 round figure mark, the downslide could get extended towards 2003 yearly lows support near 1.0335-30 region. On the upside, previous support near 1.0460 region now become immediate resistance and any recovery above this immediate hurdle might now be capped at 1.0500 psychological mark.