• The EUR/USD pair declined on Friday as dollar strengthened after upbeat U.S. gross domestic product data.
   
• The U.S. economy slowed less than initially thought in the first quarter. Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month.
   
• The dollar index, which tracks the greenback against six major rivals, was up 0.11 percent to 97.357.While euro slipped to a 1-week low of $1.1161 against the greenback.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.1224 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 1.1191, a break above this level would expose the pair to next resistance level at 1.1224.
   
• To the downside, immediate support can be seen at 1.1159, a break below at this level will open the door towards next level at 1.1115.
  
  Resistance Levels
  
  R1:  1.1191 (50% Retracement level)       
  
  R2: 1.1224 (61.8% Retracement level)    
  
  R3: 1.1268 (May 23rd high)
  
  Support Levels
  
  S1: 1.1159 (38.2% Retracement level)                    
  
  S2: 1.1115 (23.6% Retracement level)
  
  S3: 1.1094 (May 19th lows)