• EUR declined against US dollar on Tuesday after data showed U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/2 years in June. 
   
• The pair extended its decline from 1.1006 to hit low at 1.0977 before retreating slightly to trade at 1.0990.
   
• Further upside is expected to be limited as the pair faces strong resistance at 1.1100 which should bring decline towards 1.0951 and 1.0900 levels in the short term.
   
• To the upside, the strong resistance can be seen at 1.1100, a break above will take the pair towards next resistance level at 1.1150.
   
• To the downside immediate support can be seen at 1.0980 levels, a break below will open gates towards 1.0951 levels.
  
  Resistance Levels
  
  R1: 1.1022 (50% Retracement level)
  
  R2: 1.1062 (61.8% Retracement level)
  
  R3: 1.1100 (Psychological levels)
  
  Support Levels
  
  S1: 1.0980 (38.2% Retracement level)
  
  S2: 1.0951 (22nd July lows)
  
  S3: 1.0910 (June 24th lows)