• The EUR/USD pair traded in higher range on Monday as the pair was supported after reports surfaced that Deutsche Bank's was negotiating a smaller fine with the U.S. Department of Justice.
   
• Deutsche Bank is throwing its energies into reaching a settlement before next month's presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities.
   
• Further downside in this pair should be limited as euro is set to strengthen against green back in the near term.
   
• To the upside, the strong resistance can be seen at 1.1278 a break above will take the pair towards next resistance level at 1.1335.
   
• To the downside, immediate support can be seen at 1.1213 levels, a break below will open the door towards next level at 1.1178.
  
  Resistance Levels
  
  R1: 1.1247 (61.8% Retracement level)
  
  R2: 1.1278 (Sep 26th high)
  
  R3: 1.1335 (Sep 8th high)
  
  Support Levels
  
  S1: 1.1213 (50% Retracement level)
  
  S2: 1.1178 (38.2% Retracement level)
  
  S3: 1.1135 (23.6% Retracement level)