EUR/USD: The euro plunged from a 1-1/2 week peak hit earlier in the day after data showed Germany’s business sentiment deteriorated more than expected in August to hit its lowest since November 2012, in a further sign that escalating trade disputes are pushing the German economy toward a recession. The European currency traded 0.2 percent down at 1.1118, having touched a high of 1.1163 earlier, its highest since August 14. Immediate resistance is located at 1.1192 (78.6% retracement of 1.1230 and 1.1060, a break above targets 1.1230 (August 12 High). On the downside, support is seen at 1.1095 (5-DMA), a break below could drag it below 1.1051 (August 23 Low).