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EUR/USD plunges to 1.3583 lows

FXstreet.com (Chicago) – EUR/USD fell to 1.3583 session lows on strong bearish pressure giving up the 1.36 zone in the afternoon of the American trading session.

Earlier in Europe, the CPI – core was 1% beating expected 0.8%. Retail sales in Germany were worse than expected while unemployment rates in Italy matched expectations at 12.5%.

EUR/USD Technical Levels

Price action reveals strong bearish pressure that sends the pair to new session lows around the 1.3583 zone. Technically speaking, the pair is offered at 1.3586 and oscillates between the supports aligned at 1.3580 (November 19th highs), 1.3557 (November 22nd highs) followed by 1.3519 …read more