• The EUR/USD pair initially inched up towards 1.1234 on Wednesday as the pair found buying interest on growing concerns over a potential reduction in stimulus by the European Central Bank but declined after  upbeat ISM U.S. services data boosted dollar across the board.
   
• The Institute for Supply Management said its non-manufacturing activity index rose to 57.1 last month, which was its highest level in 11 months.
   
• Further upside is expected to be limited as the pair faces strong resistance at 1.1252 which should limit upside and bring decline back to lower side.
   
• To the upside, the immediate resistance can be seen at 1.1211, a break above this level would expose the pair to next resistance level at 1.1252.
   
• To the downside, immediate support can be seen at 1.1174, a break below at this level will open the door towards next level at 1.1137.
  
  Resistance Levels
  
  R1:  1.1211 (61.8% Retracement level)
  
  R2: 1.1252 (Sep 2nd high)              
  
  R3: 1.1280 (Sep 26th high)
  
  Support Levels
  
  S1: 1.1174 (50% Retracement level)                        
  
  S2: 1.1137 (38.2% Retracement level)    
  
  S3: 1.1091 (23.6% Retracement level)