• EUR/USD edged higher on Thursday as the pair was dragged higher after the Bank of England wrong-footed investors by holding interest rates steady at its first meeting since Britain's vote last month to leave the European Union.
   
• The pair rose to hit high at 1.1163 before retreating back to trade at 1.1111 in the early US session.
   
• Further downside is expected to be limited as the pair faces strong support at 1.1057 which should limit downside and bring rebound back to the higher side.
   
• To the upside, the strong resistance can be seen at 1.1147, a break above will take the pair towards next resistance level at 1.1200.
   
• To the downside immediate support can be seen at 1.1102 levels, a break below will open gates towards 1.1057 levels.
  
  Resistance Levels
  
  R1: 1.1147 (38.2% Retracement level)
  
  R2: 1.1200 (23.6% Retracement level)
  
  R3: 1.1244 (May 23rd high)
  
  Support Levels
  
  S1: 1.1102 (50% Retracement level)
  
  S2: 1.1057 (61.8% Retracement level)
  
  S3: 1.1000 (Psychological levels)