• EUR/USD inched higher in the US session as investors waited with caution on a speech by Federal Reserve Chair Janet Yellen on Friday for any new indications on when the U.S. central bank will raise interest rates.
   
• The pair rose from 1.1301 to hit high at 1.1330 in the early US session before retreating slightly to trade at 1.1322.
   
• Further, the upside is limited as the pair faces strong resistance at 1.1397 which should limit upside and bring decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.1330, a break above will take the pair towards next resistance level at 1.1366.
   
• To the downside, immediate support can be seen at 1.1261 levels, a break below will open gates towards 1.1240 levels.
  
  Resistance Levels
  
  R1: 1.1330 (50% Retracement level)
  
  R2: 1.1366 (Aug 18th high)
  
  R3: 1.1397 (61.8% Retracement level)
  
  Support Levels
  
  S1: 1.1261 (38.2% Retracement level)
  
  S2: 1.1240 (Aug 17th lows lows)
  
  S3: 1.1180 (23.6% Retracement level)