• The EUR /USD pair declined on Wednesday as the dollar rose on the Brexit development, building on gains from a day earlier, while uncertainty regarding trade policies between the EU and Britain weakened euro.
   
• Investors awaited comments from a host of Federal Reserve officials for clues on the number of interest rate hikes this year.
   
• Chicago Fed President Charles Evans, who has consistently been dovish on interest rates, said he supported one or two more hikes this year as the U.S. economy improves.
   
• Boston President Eric Rosengren and his San Francisco counterpart, John Williams, are due to speak later in the day.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 1.0796 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 1.0759, a break above this level would expose the pair to next resistance level at 1.0796.
   
• To the downside, immediate support can be seen at 1.0720, a break below at this level will open the door towards next level at 1.0672.
  
  Resistance Levels
  
  R1:  1.0759 (50% Retracement level)       
  
  R2: 1.0796 (61.8% Retracement level)    
  
  R3: 1.0828 (Daily high)
  
  Support Levels
  
  S1: 1.0720 (38.2% Retracement level)                    
  
  S2: 1.0672 (23.6% Retracement level)
  
  S3: 1.0642 (March 13th lows)