• The EUR/USD pair inched higher on Monday as the single currency found some strength after positive euro zone inflation number and investors awaited for European Central Bank meeting.
   
• The euro zone's central bank may discuss technical adjustments to its asset purchase scheme but analysts expect decision could be deferred until December.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.1108 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.1020, a break above this level would expose the pair to next resistance level at 1.1048.
   
• To the downside, immediate support can be seen at 1.0992, a break below at this level will open the door towards next level at 1.0959.
  
  Resistance Levels
  
  R1:  1.1020 (50% Retracement level)       
  
  R2: 1.1048 (61.8% Retracement level)    
  
  R3: 1.1108 (Aug 6th high)
  
  Support Levels
  
  S1: 1.0992 (38.2% Retracement level)                    
  
  S2: 1.0959 (23.6% Retracement level)
  
  S3: 1.0900 (Psychological levels)