• The EUR/USD declined at the beginning of the US session as the pair found strong selling interest as dollar recovered some ground after ADP National Employment Report showed a gain of 1179,000 jobs in July.
   
• Further upside in this pair should be limited as the resistance level at 1.1264 should limit further rally and bring decline back to lower side.
   
• To the upside, the immediate resistance can be seen at 1.1215, a break above this level would take the pair towards next resistance level at 1.1264.
   
• To the downside immediate support can be seen at 1.1165 levels, a break below this level will open the door towards next level at 1.1105.
  
  Resistance Levels
  
  R1: 1.1215 (50% Retracement level)
  
  R2: 1.1264 (61.8% Retracement level)
  
  R3: 1.1300 (Psychological levels)
  
  Support Levels
  
  S1: 1.1165 (38.2% Retracement level)
  
  S2: 1.1105 (23.6% Retracement level)
  
  S3: 1.1050 (July 29th lows)