• EUR/USD remains capped below 1.1100, extends declines for the fourth straight session on Monday, bearish tone intact.
  
  
• USD bulls remain supported by positive US data released on Friday which further reinforced Sept rate hike expectations.
  
  
• No significant data to watch in the European session, while crucial US CPI data due later this week may provide further insights into the Fed rate hike timing.
  
  
• EUR/USD is currently trading at 1.1086, with immediate resistance at 1.1123 (Aug 16 High) and then 1.1189 (Daily High Aug 13 & 14).
  
  
• On the flip side, support is seen at 1.1081 (Daily Low Aug 13), below which it could extend losses to 1.1031 (Tenkan-Sen).
  
  

Resistance Levels:

R1: 1.1123 (Aug 16 High)

R2: 1.1189 (Daily High Aug 13 & 14)

R3: 1.1215 (Daily High Aug 12)

Support Levels:

S1: 1.1081 (Daily Low Aug 13)

S2: 1.1031 (Tenkan-Sen)

S3: 1.1024 (Daily Low Aug 12)