FXstreet.com (Barcelona) - EUR/USD decline from 1.3680 intra day high has found support at 1.3500 during the U.S. trading session, and the pair has remained within the flat channel of the last four days.

At the moment the Euro is trying to climb towards previous intra-day low at 1.3615, although 100 SMA is acting as resistance at 1.3580 in the hourly chart. In case of jumping above 1.3615. The Euro should break 1.3680 intra-day high and then, the path would be open towards 1.3740, a seemingly strong resistance level.

On the other hand, failure to remain above the 1.3500/13485 support area could increase selling pressure, and next support level could be at 1.3415 (Mar 19 low), below there, 1.3325 (Jan 27 and 28 high) would lie ahead.