Weakness of the single currency strengthens, that provokes testing EUR/USD 1.3600 key support. The EUR/USD is focused on consumer confidence. In the Eurozone, the key releases are scheduled for today: will only preliminary statistics for the euro area consumer confidence for June, which should reach -6.5. Over the weekend, the focus will be the Eco fin meeting, although it is unlikely to have a significant impact on the markets. Risk aversion now affects risky assets and drop provokes many base pairs. The euro was more than expected, but strong resistance at 1.3650 marks yesterday, still untouched (maximum passes to 1.3641). Weakening upward impulse says about the limited probability of growth. Expected to retest the level of 1.3640/45, but it should lead to a stronger pullback to 1.3590.
Levels on EUR/USD : next support at 1.3565 (10-Day MA), 1.3540 (at least June 18) and 1.3500 resistance - at 1.3644 (June 19 high), 1.3663 (200-day SMA) and 1.3700 (psychological level). At the time of writing, the pair is trading down 0.11% at 1.3591, said the experts of RVD Markets. Next support is na1.3584 (at least June 19), 1.3569 (10-day MA) and 1.3543 (55-week MA), resistance - at 1.3644 (June 19 high), 1.3669 (June 9 high) and 1.3677 (maximum of 6 June).
