The euro drifted lower against its most major counterparts in early European deals on Wednesday.

The euro fell to 1.1392 against the greenback, from an early high of 1.1415.

The euro slipped to near a 5-week low of 1.5093 against the loonie, 4-week lows of 1.5806 versus the aussie and 1.6692 versus the kiwi, off its early highs of 1.5141, 1.5859 and 1.6751, respectively.

The euro dropped to 0.8843 against the pound, its lowest level since November 28.

The next possible support for the euro is seen around 1.11 against the greenback, 0.87 against the pound, 1.48 against the loonie, 1.56 versus the aussie and 1.65 versus the kiwi.

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