FXstreet.com (Barcelona) - EUR/USD has been consolidating after decline from 1.3675 (Mar 23 high); the pair broke support level at 1.3485/13500 during yesterday's U.S. session, and, ever since, the EURUSD has moved in a flat channel between1.3440 and 1.3495.

At the moment of writing, the Euro is showing a shy attempt to pick up in the hourly chart, testing 13 EMA at 1.3485, just below current intra-day high at 1.3495. In case of successful squeeze higher, next resistance level stand at 1.3575/85 and above here 1.3615.

On the downside, If the pair confirms bearish move below 1.3440 intra-day low, 1.3415 (Mar 19 low) will come on sight, and below here, next support level could be 1.3325 (Jan 27 and 28 high).