• The EUR /USD pair declined on Tuesday as hawkish comments from the U.S. Federal Reserve on raising interest rates boosted greenback.
   
• Boston Fed President Eric Rosengren said on Tuesday that the era of low-interest rates in the United States and elsewhere poses financial stability risks and that central bankers must factor such concerns into their decision-making.
   
• The dollar index which measures the greenback against six other major currencies, including sterling, climbed to 97.648, its highest since the end of May.
   
• The pair remains under bears control unless until it trades below 1.1200 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, the immediate resistance can be seen at 1.1166, a break above this level would expose the pair to next resistance level at 1.1200.
   
• To the downside, strong support can be seen at 1.1126, a break below at this level will open the door towards next level at 1.1087.
  
  Resistance Levels
  
  R1:  1.1166 (61.8% Retracement level)   
  
  R2: 1.1200 (Psychological levels)               
  
  R3: 1.1254 (May 25th high)
  
  Support Levels
  
  S1: 1.1126 (50% Retracement level)                        
  
  S2: 1.1087 (38.2% Retracement level)
  
  S3: 1.1034 (23.6% Retracement level)