• The EUR /USD pair inched slightly higher on Thursday as greenback bullish run paused against euro in thin trading volumes amid the U.S. Thanksgiving holiday.
   
• Recent positive U.S. economic data has helped to boost the dollar, pressuring euro as investors raise bets on an interest rate hike next month and further hikes in 2017.
   
• Investors are now pricing in a nearly 100 percent probability of a December U.S. rate increase, according to CME FedWatch, and some investors expect further hikes in 2017.
   
• The ongoing bearish trend is likely continue for this pair as the resistance level at 1.0652 is set 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 1.0603, a break above this level would expose the pair to next resistance level at 1.0652.
   
• To the downside, immediate support can be seen at 1.0554, a break below at this level will open the door towards next level at 1.0512.
  
  Resistance Levels
  
  R1:  1.0603 (61.8% Retracement level)   
  
  R2: 1.0652 (October 23rd high)   
  
  R3: 1.0700 (Psychological levels)
  
  Support Levels
  
  S1: 1.0554 (50% Retracement level)                        
  
  S2: 1.0512 (38.2% Retracement level)
  
  S3: 1.0453 (23.6% Retracement level)