EUR/USD Technical Analysis: Euro consolidating recent sell-off, currently testing 1.1600

• EUR/USD is consolidating after plunging more than 200 pips on Thursday. Overnight it found support at the 1.1550 figure and it is currently testing the 1.1600 level.  
• The recent sell-off was climactic and while a retest of the 2018 low is still on the cards, Friday’s price action might be dominated by profit-taking before the weekend.  

EUR/USD 15-minute chart

Spot rate:              1.1599
Relative change:  -1.77%      
High:                     1.1600
Low:                      1.1543

Trend: Neutral

Resistance 1: 1.1600 figure
Resistance 2: 1.1650 June 5 low  
Resistance 3: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Resistance 4: 1.1775 supply/demand level
 
Support 1: 1.1550 figure
Support 2: 1.1510, 2018 low
Support 3: 1.1420, daily 200-period simple moving average