• The EUR/USD pair inched higher towards 1.1398 levels gaining back the losses suffered in the earlier session in the early American session following soft US jobs data.
   
• The US Jobless data came out mixed, initial claims for state unemployment benefits declined 9000 to seasonally adjusted 267,000 in April.
   
• Further upside is expected to be limited as the pair finds strong resistance at 1.1430 which should limit upside and bring a decline towards lower levels. 
   
• To the upside, the strong resistance can be seen at 1.1404, a break above this level would take it to upside to next resistance level at 1.1430.
   
• To the downside immediate support can be seen at 1.1373, a break below this level will take the pair to next level at 1.1353 levels.
  
  Resistance Levels
  
  R1: 1.1387 (50% Retracement level)
  
  R2: 1.1404 (61.8% Retracement level)
  
  R3: 1.1430 (April 6th high)
  
  Support Levels
  
  S1: 1.1373 (38.2% Retracement level)
  
  S2: 1.1353 (23.6% Retracement level)
  
  S3: 1.1335 (Daily lows)