FXstreet.com (Barcelona) - After hitting a record hight at 1.5904, the EUR/USD showed a correction downwards the region 1.5300. Today the EUR/USD has shown a pullback to the region of 1.5500, gaining 0.9%. The Varengold Bank says 'Some investors are looking for the US currency to resume its slide on lingering worries about the ongoing damage caused by the credit crisis'.
Later on , the Richmond Fed Manufacturing Index at 14:00 GMT may generate further volatile movement for the pair.
According to Varengold bank, EUR/USD will have a 1.5472 as pivotpoint, resistance now comes at 1.5634.