• The EUR /USD pair declined on Wednesday as data on U.S. private-sector payrolls rose more than expected for February, increasing investor expectations of an increase to interest rates by the Federal Reserve later this month.
   
• U.S. private employers added 298,000 jobs last month, well above the gain of 190,000 predicted by economists surveyed by Reuters. That pushed the dollar to its highest level since March 3 against a basket of currency rivals.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0600 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 1.0563, a break above this level would expose the pair to next resistance level at 1.0600.
   
• To the downside, immediate support can be seen at 1.0527, a break below at this level will open the door towards next level at 1.0492.
  
  Resistance Levels
  
  R1:  1.0563 (61.8% Retracement level)   
  
  R2: 1.0600 (Psychological levels)               
  
  R3: 1.0639 (March 6th high)
  
  Support Levels
  
  S1: 1.0527 (38.2% Retracement level)                    
  
  S2: 1.0492 (Dec 20th  lows)
  
  S3: 1.0442 (23.6% Retracement level)