• EUR/USD pair rose towards 1.1290 levels on Wednesday, as dollar declined across the board as investors consolidated gains and booked profits on a day with no major economic data release from US market.
   
• Further downside in this pair should be limited as the support level at 1.1358 is set to limit downside bring a rebound towards higher levels.
   
• To the upside, the strong resistance can be seen at 1.1431, a break above will take the pair towards next resistance level at 1.1475.
   
• To the downside immediate support can be seen 1.1388 levels, a break below will open gates towards 1.1358 levels.
  
  Resistance Levels
  
  R1: 1.1431 (50% Retracement level)
  
  R2: 1.1475 (61.8% Retracement level)
  
  R3: 1.1528 (May 4th lows)
  
  Support Levels
  
  S1: 1.1388 (Psychological levels)
  
  S2: 1.1358 (Daily lows)
  
  S3: 1.1335 (April 25th low)