• EUR/USD pair advanced during early US session up to 1.1341, however it declined after sellers stepped in, as appetite riskier assets improved with the rise in oil prices.
   
• Further upside in this pair should be limited as the resistance level at 1.1379 levels should limit upside and bring a decline towards lower levels.
   
• To the upside, the strong resistance can be seen at 1.1360, a break above this level would take the pair towards next resistance level at 1.1331.
   
• To the downside immediate support can be seen at 1.1300 levels, a break below this level will open the door towards next level at 1.1270.
  
  Resistance Levels
  
  R1: 1.1331 (50% Retracement level)
  
  R2: 1.1360 (61.8% Retracement level)
  
  R3: 1.1379 (May 13th high)
  
  Support Levels
  
  S1: 1.1300 (38.2% Retracement level)
  
  S2: 1.1270 (23.6% Retracement level)
  
  S3: 1.1242 (April 26th lows)