• The EUR /USD pair fell as low as 1.0393 in the US session as greenback was boosted by the prospect of more interest rate increases by the Federal Reserve next year.
   
• The Fed's policy-setting committee, which raised rates by a quarter point on Wednesday, said it anticipates three more rate increases in 2017, a jump from the September meeting when it said it expected just two hikes.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0440 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, the immediate resistance can be seen at 1.0405, a break above this level would expose the pair to next resistance level at 1.0440.
   
• To the downside, strong support can be seen at 1.0371, a break below at this level will open the door towards next level at 1.0328.
  
  Resistance Levels
  
  R1:  1.0408 (50% Retracement level)       
  
  R2: 1.0440 (61.8% Retracement level)    
  
  R3: 1.0500 (Psychological levels)
  
  Support Levels
  
  S1: 1.0393 (Session lows)                             
  
  S2: 1.0371 (38.2% Retracement level)
  
  S3: 1.0328 (23.6% Retracement level)