FxWirePro: EUR/USD remains bullish as rally continues

The EUR/USD pair jumped higher on Wednesday as the dollar slumped as investors were worried by the prospect of Donald Trump victory in next week’s US presidential election.
US private employers added 147,000 jobs in October, falling short of expectations; Economists had forecast the ADP national employment report would show a gain of 165,000 jobs.
The ongoing upside is set to continue for this pair as the support level at 1.1056 is likely to act as strong barrier to the bears and push the pair towards higher side.
To the upside, the strong resistance can be seen at 1.1112 a break above will take the pair towards next resistance level at 1.1145.
To the downside, immediate support can be seen at 1.1080 levels, a break below will open the door towards next level at 1.1056.

Resistance Levels

R1: 1.1112 (61.8% Retracement level)

R2: 1.1145 (July 15th high)

R3: 1.1196 (Sep 19th high)

Support Levels

S1: 1.1080 (50% Retracement level)

S2: 1.1056 (38.2% Retracement level)

S3: 1.1032 (23.6% Retracement level)

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