The Euro is slightly weaker today when valued against the U.S. dollar, albeit the currency pair EUR/USD reached an overnight high of 1.1496, before settling down around 1.1325. The Euro fell on the back of weak manufacturing data from Spain, France, Italy, and Germany, which sent the euro 1.1 percent lower, on pace for its worst day against the U.S. dollar in more than six months.
Looking ahead today the EU will release minor Money figures and Spanish Unemployment, with the attention shifting to US data. Today the U.S will release weekly unemployment claims ahead of Friday's Nonfarm Payroll report.
From a technical perspective, the EUR/USD pair is currently trading at 1.1345. We continue to expect support to hold on moves approaching 1.1310 while now any upward push will likely meet resistance around 1.1385.