• EUR/USD pair declined on Thursday after Standard & Poor's lowered its long-term credit rating on the European Union by a notch to 'AA' from 'AA+' after Britain's surprise vote to leave the economic bloc.
   
• The pair jumped to session high of 1.1124 in the early US session, but selling interest capped further rally on approach towards 1.1120 levels.
   
• To the upside, the strong resistance can be seen at 1.1149, a break above will take the pair towards next resistance level at 1.1189.
   
• To the downside immediate support can be seen at 1.1057 levels, a break below will open gates towards 1.1000 levels.
  
  Resistance Levels
  
  R1: 1.1102 (50% Retracement level)
  
  R2: 1.1149 (61.8% Retracement level)
  
  R3: 1.1189 (June 24th high)
  
  Support Levels
  
  S1: 1.1057 (38.2% Retracement level)
  
  S2: 1.1000 (23.6% Retracement level)
  
  S3: 1.0967 (June 27th lows)