• EUR/USD pair rose towards 1.1290 levels on Tuesday, as the pair found strong buying interest after weak US durable goods orders.
   
• Core durable goods orders in March came below expectations, down 0.2% against forecast of a 0.5%.
   
• After the data release the pair rose towards 1.1340 but lower but retreated slightly to trade at 1.1330 levels.
   
• Further downside is expected to be limited as pair has broken strong resistance at 1.1300 and inching upwards towards higher levels.
   
• To the upside, the strong resistance can be seen at 1.1367, a break above will take the pair towards next resistance level at 1.1404.
   
• To the downside immediate support can be seen 1.1300 levels, a break below will open gates towards 1.1255 levels.
  
  Resistance Levels
  
  R1: 1.1338 (50% Retracement level)
  
  R2: 1.1367 (38.2% Retracement level)
  
  R3: 1.1404 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.1300 (Psychological levels)
  
  S2: 1.1255 (Daily lows)
  
  S3: 1.1215 (April 25th low)