FXstreet.com (San Francisco) - The Euro continues heading south against the US Dollar on the back of risk aversion spurred by lack of announcements from Bernanke in his speech. EUR/USD has fallen around 100 pips after testimony from 1.2285 to break below 1.2200 level and reach fresh intra-day lows at 1.2187.

Currently the pair is pricing at 1.2200, 0.60% below opening price action. Pair looks "Slightly Bearish" and "Overbought" according to the FXstreet.com technical studies in its 15-minutes time frame.