• EUR/USD pair declined in the US session as the dollar strengthened as investors expect Yellen to provide guidance to next the interest rate hike from the Fed.
   
• Further upside in this pair should be limited as the resistance level at 1.1400 level should limit upside and bring a decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.1330, a break above this level would take the pair towards next resistance level at 1.1400.
   
• To the downside strong support can be seen at 1.1261 levels, a break below this level will open the door towards next level at 1.1177.
  
  Resistance Levels
  
  R1: 1.1330 (50% Retracement level)
  
  R2: 1.1400 (61.8% Retracement level)
  
  R3: 1.1445 (May 11th high)
  
  Support Levels
  
  S1: 1.1261 (50% Retracement level)
  
  S2: 1.1177 (38.2% Retracement level)
  
  S3: 1.1132 (June 16th lows)