The euro rebounded against the dollar during the Asian trading session on Tuesday, after falling in the wake of the Australian central bank's surprise decision to leave its interest rates unchanged.
EUR/USD climbed to 1.3947, after rising from a daily low of 1.3886. The pair was likely to find support around 1.3852, Monday's low, and resistance at 1.4179, last Tuesday's high.
Earlier Tuesday, the Reserve Bank of Australia kept rates steady at 3.75%, confounding expectations of a hike. The surprise move rattled investors, prompting them to sell the aussie as well as other risk-sensitive currencies, including the euro.
The European single currency was apparently unaffected by disappointing data on German retail sales, which came in at 0.8% as opposed to the expected 1.1%.