Currency Analyst since 2010

EUR/USD retreated from daily highs

EUR/USD retreated from today’s high at $1.3587 to levels around $1.3540. Euro was discouraged by weaker-than-expected European data (Spanish and Italian manufacturing PMIs, lower German employment change, higher German and Italian unemployment rate). There’s divergence on H4 MACD and RSI.

Support lies at $1.3500 and $1.3450. Resistance is at $1.3568, $1.3587 and $1.3600.

Chart. H4 EUR/USD

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