FxWirePro: EUR/USD extends Tuesday's modest gains, good to buy dips around 1.1355

Euro firmed against the dollar early on Wednesday after solid euro zone data tempered prospects of additional stimulus from ECB before the year-end.

• Data on Tuesday showed euro zone banks had loosened their lending standards more than expected over the last few months despite the recent global market volatility
   
• The euro rose 0.1 percent to 1.1353 against the Greenback, adding to Tuesday's modest gains after it had struck a 10-day trough of 1.1306 at the start of the week 
   
• EUR/USD is currently trading at 1.1359, with immediate resistance at 1.1381 (Daily Tenkan) and support at 1.1345 (4h 10 SMA)
   
• RSIs are biased up, price action is above the cloud and cloud widening is seen, we could see some upside momentum in the pair

Recommnedation: Good to buy dips around 1.1355, SL: 1.1320, TP: 1.1390 

Resistance Levels:

R1: 1.1381 (Daily Tenkan) 

R2: 1.1387 (Session high Oct 20)

R3: 1.1420 (Daily High Oct 16)

Support Levels:

S1: 1.1325 (Session low Oct 20)

S2: 1.1306 (Daily Low Oct 19)

S3: 1.1284 (Daily Cloud Top)