The pair dropped a fresh 20-month low but once again managed to find decent support near 61.8% Fibonacci expansion level of Monday's steep decline and subsequent early rebound in the previous session.
EUR/USD is trading in the mid-1.1300s, stabilizing on high ground after jumping on reports that Italy will accept a 2% budget deficit, later denied. Italy's PM will meet the EC President later.
US inflation is foreseen flat in November monthly basis, yearly change expected at 2.2%. Dollar getting support from political turmoil in Italy.
