FXstreet.com (Barcelona) - Euro continues weakening ahead of the U.S. markets opening time, the pair has already given away about 170 pips from intra-day high at 1.3670 to current levels, testing support area between 1.3485/1.3500.

If the Euro consolidates below 1.3485 (Mar 23 low), it would have broken the support level of the last three days; 1.3414 (mar 19 low will be the next level to watch. Below here, 1.3325 (Jan 27 and 28 low) would come into focus.

In case of recovery, the Euro sought to jump above 1.3600 and then 1.3670 intra-day high in order to set another assault to the apparently strong resistance level at 1.3470. Once crossed that level, Dec 19 low at 1.380 would come into focus.