• The EUR /USD pair declined on Wednesday as greenback strengthened after investor awaited details of possible economic policies from President-elect Donald Trump.
   
• Investors will have a close eye on what the new president says about labelling China a currency manipulator and free trade more generally.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0570 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 1.0494, a break above this level would expose the pair to next resistance level at 1.0531.
   
• To the downside, immediate support can be seen at 1.0453, a break below at this level will open the door towards next level at 1.0410.
  
  Resistance Levels
  
  R1:  1.0494 (50% Retracement level)       
  
  R2: 1.0531 (61.8% Retracement level)    
  
  R3: 1.0570 (Daily high)
  
  Support Levels
  
  S1: 1.0453 (Session lows)                             
  
  S2: 1.0410 (23.6% Retracement level)
  
  S3: 1.0371 (Dec 28th lows)