EUR/USD Technical Analysis: Euro trading quietly below 1.1600 post-Eurozone inflation data

• EUR/USD is having virtually no reaction after the release of the Eurozone inflation. EUR/USD is trading quietly below the 1.1600 level.  
• The Consumer Price Index, year-on-year, matched analysts expectations at 1.9% in May while the core reading also came in line at 1.1% in May annualized.  
• After Thursday’s sell-off it reasonable to expect a consolidation day ahead of the weekend as some investors take profits.  

EUR/USD 15-minute chart

Spot rate:              1.1591
Relative change:    0.20%    
High:                     1.1601
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