• EUR/USD remained in strong bearish tone against dollar on Wednesday as euro was weighed down on expectations that U.S. central bank will raise interest rates in June.
   
• Boston Fed President Eric Rosengren, an influential U.S. central bank official, said on Wednesday that Federal Reserve should hike interest rates three more times this year, mapping out a somewhat hawkish option for the U.S. central bank.
   
• The Fed has raised rates twice since December and they now stand in a range of 0.75 to 1 percent.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0960 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, the strong resistance can be seen at 1.0905, a break above will take the pair towards next resistance level at 1.0960.
  ​
• To the downside immediate support can be seen 1.0850 levels, a break below will open gates towards 1.0818 levels.
  
  Resistance Levels
  
  R1: 1.0905 (50% Retracement level)
  
  R2: 1.0960 (61.8% Retracement level)
  
  R3: 1.1000 (Psychological levels)
  
  Support Levels
  
  S1: 1.0850 (38.2% Retracement level)
  
  S2: 1.0818 (April 24th lows)
  
  S3: 1.0782 (23.6% Retracement level)