• EUR /USD pair has slipped downwards against US dollar by hitting low at 1.0977 after US CPI data printed in line with expectation. However, Further the decline is expected to be limited as the pair faces strong support at 1.0930 and it is expected to advance further towards 1.1100 and 1.1080 levels in the short term it's good to buy this pair on dips.
  
  
• To the upside, the strong resistance can be seen at 1.0000, a break above will take the pair towards next resistance level at 1.1044.
  
  
• To the downside immediate support can be seen at 1.0930 levels, a break below will open gates towards 1.0882 levels.
  
  Recommendation: Go long around 1.0940, targets 1.1040, 1.1100, SL 1.0882 
  
  Resistance Levels
  
  R1: 1.0000 (Psychological level)
  
  R2: 1.1044 (Dec 9th high)
  
  R3: 1.1090 (Oct 10th high)
  
  Support Levels
  
  S1: 1.0930 (38.2% Retracement level)
  
  S2: 1.0882 (50% Retracement level)
  
  S3: 1.0830 (61.8% Retracement level)