• The EUR /USD pair fell as low as 1.0717 in the early US session as renewed hopes that U.S. President Donald Trump will unleash growth-friendly spending policies boosted greenback.
   
• Investors turned their attention to world stocks, which hit a 19-month high, lifted by strong Japanese trade data, stellar European company earnings and hopes that Trump will press ahead with a large fiscal spending package.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0784 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 1.0740, a break above this level would expose the pair to next resistance level at 1.0784.
   
• To the downside, immediate support can be seen at 1.0687, a break below at this level will open the door towards next level at 1.0653.
  
  Resistance Levels
  
  R1:  1.0740 (38.2% Retracement level)   
  
  R2: 1.0784 (50% Retracement level)        
  
  R3: 1.0800 (Psychological levels)
  
  Support Levels
  
  S1: 1.0687 (23.6% Retracement level)                    
  
  S2: 1.0653 (Jan 18th lows)
  
  S3: 1.0621 (Jan 20th lows)