• EUR /USD pair inched slightly higher on Friday as the pair attracted short buying interest after data showed U.S. second-quarter growth trimmed to 1.1 percent. 
   
• Gross domestic product expanded at a 1.1 percent annual rate in its second estimate of GDP. That was slightly down from the 1.2 percent rate reported last month.
   
• However, further upside is expected to be limited as the pair finds strong resistance at .1397 which should limit upside and bring a decline towards lower levels in the short term.
   
• To the upside, the immediate resistance can be seen at 1.1329, a break above will take the pair towards next resistance level at 1.1397.
   
• To the downside, immediate support can be seen 1.1264 levels, a break below will open gates towards 1.1181 levels.
  
  Resistance Levels
  
  R1: 1.1329 (50% Retracement level)
  
  R2: 1.1397 (61.8% Retracement level)
  
  R3: 1.1449 (May 10th high)
  
  Support Levels
  
  S1: 1.1264 (38.2% Retracement level)
  
  S2: 1.1181 (23.6% Retracement level)
  
  S3: 1.1131 (Aug12th low)