• The EUR/USD edged higher on Monday as dollar declined following comments from central bankers on Friday and worries over Tropical Storm Harvey.
   
• The greenback extended losses after tumbling on Friday after U.S. Federal Reserve chair Janet Yellen did not mention monetary policy at a summit of central bankers in Wyoming, moderating expectations the Fed will raise interest rates further this year.
   
• European Central Bank President Mario Draghi's decision to hold back from talking down the euro at the central bankers' meeting in Jackson Hole, despite the currency's double-digit gains this year, continued to weigh on the dollar and sent the euro to $1.1963 Monday, its strongest against the greenback since January 2015.
   
• The euro is expected to remain firm in the short-term as investors are focused on the ECB whether it will announce plans to reduce debt-buying at its September policy meeting next week.
   
• To the upside, immediate resistance can be seen at 1.1964, a break above this level would take the pair towards next resistance level at 1.2000.
   
• To the downside, strong support can be seen at 1.1928 levels, a break below this level will open the door towards next level at 1.1891.
  
  Resistance Levels
  
  R1: 1.1964 (38.2% Retracement level)
  
  R2: 1.2000 (Psychological levels)
  
  R3: 1.2010 (23.6% Retracement level)
  
  Support Levels
  
  S1: 1.1928 (50% Retracement level)
  
  S2: 1.1891 (61.8% Retracement level)
  
  S3: 1.1828 (Aug 3rd lows)