- 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)
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