• EUR/USD gains were capped at 1.1083, Euro is accelerating its fall against the Greenback ahead of European open
  
  
• Germany Gfk Consumer Confidence Survey came in as expected, meets forecasts (10.1)  in August
  
  
• Investors remain cautious ahead of the FOMC, fail to take on major bets, signs of risk aversion in major European equity markets could further weigh 
  
  
• Immediate support is seen at 1.1022 (21-Day MA/Low Jul 27), breach of which could take the pair to 1.10 levels
  
  
• Resistance on the upside is seen at 1.1099 (Session High Jul 28) and 1.1129 (Daily High Jul 27/55-DMA)
  
  

Resistance Levels:

R1: 1.1099 (Session High Jul 28)

R2: 1.1129 (Daily High Jul 27/55-DMA)

R3: 1.1197 (Daily High Jul 13)

Support Levels:

S1: 1.1022 (21-Day MA/Low Jul 27)

S2: 1.0994 (Daily Cloud Base)

S3: 1.0969 (Session Low Jul 27)