• The pair has found renewed bullish momentum after breaking strong resistance at 1.0940 and is moving upwards to test next resistance level at 1.0976. 
  
  
• The pair is trading around 1.0955 levels and it is expected advance further towards 1.0990 and 1.0060 levels in the short term.
  
  
• Short pullback around 1.0940 should be taken as buying opportunities, as Euro is stronger against the US dollar in intraday trading.
  
  
• To the upside, the strong resistance can be seen at 1.0976, a break above this level would take it to upside to next resistance level at 1.1000 handle.
  
  
• To the downside immediate support can be seen at 1.0940, a break below this level will take the pair towards 1.0900 levels.
  
  Recommendation: Go long around 1.0940, targets 1.0980, 1. 0050, SL 1.0880
  
  Resistance Levels
  
  R1: 1.0976 (Daily high) 
  
  R2: 1.1005 (23.6 % Retracement Level)
  
  R3: 1.1056 (Dec 14 high)
  
  Support Levels
  
  S1: 1.0940 (38.2 % Retracement Level)
  
  S2: 1.0900 (50 % Retracement Level)
  
  S3: 1.0861(61.8 % Retracement Level)