• Euro is extending its downside momentum into a third-day against the US dollar on Wednesday
  
  
• EUR/USD opened day's trade at 1.0879, fell to lows of 1.0847 and is currently trading at 1.0862
  
  
• Downside in the pair is again gathering momentun ahead of EZ final services PMI data
  
  
• Lockhart's hawkish comments bolstered Sept rate-hike bets supporting USD strength across the board 
  
  
• Market focus on US macro updates and EZ final services PMI data due later in the day for further momentum 
  
  

Resistance Levels:

R1: 1.0921 (Daily Low Jul 21)

R2: 1.0970 (Hourly high August 4)

R3: 1.0975 (21-Day MA)

Support levels:

S1: 1.0883 (Session Low Aug 4)

S2: 1.0869 (Daily Low Jul 22)

S3: 1.0812 (Daily Low Jul 21)