• The EUR /USD pair declined on Tuesday as the greenback regained ground lost and demand for euro waned following France's election result.
   
• The euro dipped back below $1.09, down more than a cent down from 6-month highs hit after Macron's victory on Sunday.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0960 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.0905, a break above this level would expose the pair to next resistance level at 1.0960.
   
• To the downside, immediate support can be seen at 1.0851, a break below at this level will open the door towards next level at 1.0818.
  
  Resistance Levels
  
  R1:  1.0905 (50% Retracement level)       
  
  R2: 1.0960 (61.8% Retracement level)    
  
  R3: 1.1022 (May 8th high)
  
  Support Levels
  
  S1: 1.0851 (38.2% Retracement level)                    
  
  S2: 1.0818 (April 24th lows)
  
  S3: 1.0781 (23.6% Retracement level)