• The EUR /USD pair declined on Tuesday as dollar rose across the board as investors fixed their sights on the outcome of a meeting where the Federal Reserve is widely expected to raise interest rates for the first time this year.
   
• The Fed meets over two days starting Tuesday, with traders pricing in a 90 percent chance of a quarter-point rate hike as inflation picks up and the labor market shows solid strength.
   
• The central bank's statement is due at 2:00 p.m. ET on Wednesday, which will be followed by Fed Chair Janet Yellen's press conference.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0658 is likely to act as a strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.0642, a break above this level would expose the pair to next resistance level at 1.0658.
   
• To the downside, immediate support can be seen at 1.0625, a break below at this level will open the door towards next level at 1.0604.
  
  Resistance Levels
  
  R1:  1.0642 (50% Retracement level)       
  
  R2: 1.0658 (61.8% Retracement level)    
  
  R3: 1.0700 (Psychological levels)
  
  Support Levels
  
  S1: 1.0625 (38.2% Retracement level)                    
  
  S2: 1.0604 (23.6% Retracement level)
  
  S3: 1.0570 (March 10th low)