The 1.3538 highs from Asia on Monday are coming back into focus now that the US data is out of the way.
On balance, the US data has been weaker than forecast today and fixing demand for euros remains rumored.
Central bank demand has been rumored on dips in recent sessions, and given the range-bound nature of markets of late, it would not surprises us to hear of CB selling into strength near-term.
A break above the 1.3570 area would change the complexion of the market and suggest a near-term bottom is in place.
EUR/USD trades at 1.3515 after highs of 1.3526 on EBS.