• The Euro inched higher against dollar in early US session after demand for low yielding currencies like euro increased as the risk sentiment increased in the market.
   
• The currency pair is trading at 1.1104 levels, it is expected to reach 1.1150 levels and 1.1200 levels in the short term.
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• To the downside immediate support can be seen at 1.1100, a break below this level will open the door towards next level at 1.1057.
   
• To the upside, the strong resistance can be seen at 1.1148, a break above this level would take the pair towards next resistance level at 1.1171.
  
  Resistance Levels
  
  R1: 1.1148 (38.2 % Retracement level)
  
  R2: 1.1171 (July 1st high)
  
  R3: 1.1200 (23.6 % Retracement level)
  
  Support Levels
  
  S1: 1.1100 (50% Retracement level)
  
  S2: 1.1057 (61.8% Retracement level)
  
  S3: 1.1000 (Psychological levels)