• The EUR /USD pair declined on Tuesday as expectations that Federal Reserve will raise interest rates supported the U.S. dollar.
   
• Dollar jumped in reaction to comments from Fed officials, including Fed Chair Janet Yellen, which spurred traders to raise their bets that the central bank will lift interest rates by a quarter of a percentage point, to 0.75-1.00 percent, at its policy meeting next week.
   
• Investors are now awaiting non-farm payrolls data for February on Friday, seen as a key barometer of the U.S. economy.
   
• The monthly U.S. jobs report, due on Friday, is expected to show an increase of 186,000 jobs, probably enough to push the Fed to raise its base rate again for the second time in three months.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0680 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 1.0597, a break above this level would expose the pair to next resistance level at 1.0652.
   
• To the downside, immediate support can be seen at 1.0543, a break below at this level will open the door towards next level at 1.0495.
  
  Resistance Levels
  
  R1:  1.0597 (50% Retracement level)       
  
  R2: 1.0652 (61.8% Retracement level)    
  
  R3: 1.0680 (Feb 16th high)
  
  Support Levels
  
  S1: 1.0543 (38.2% Retracement level)                    
  
  S2: 1.0495 (March 2nd lows)
  
  S3: 1.0475 (23.6% Retracement level)