The EUR/USD pair inched up towards 1.1274 on Wednesday as the pair found buying interest on growing uncertainty about Federal Reserve policy.
Expectations that the U.S. Federal Reserve will raise rates next week have cooled, putting pressure on the green.
Further downside is expected to be limited as the pair faces strong support at 1.1214 which should limit downside and bring rebound back to higher side.
To the upside, the strong resistance can be seen at 1.1308, a break above this level would take the pair towards next resistance level at 1.1327 levels.
To the downside immediate support can be seen at 1.1242 levels, a break below this level will open the door towards next level at 1.1214.
Resistance Levels
R1: 1.1271 (38.2% Retracement level)
R2: 1.1308 (23.6% Retracement level)
R3: 1.1327(Sep 8th high)
Support Levels
S1: 1.1242 (50% Retracement level)
S2: 1.1214 (61.8% Retracement level)
S3: 1.1175 (Aug 16th lows)


FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/ZAR edges higher but bearish outlook persists
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Major Pair levels and bias summary
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 



