Daily Technical Analysis Of EURUSD - Friday, Aug. 4

Bank Note, Euro, Bills, Paper Money

Image Source: Pixabay
 

Spotlight on EURUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
 

EURUSD

Looking at EURUSD’s chart, we can see that USD gained significant ground over EUR in the past week, trading at the current rate of around $1.0947. Today, if it holds the rate above the support level of $1.0940, then we should see it rising toward the resistance level at around $1.1030, otherwise, it could drop towards the next support level at around the rate of $1.0880.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of EURUSD - 04/08/2023


More By This Author:

Daily Technical Analysis Of USDJPY - Thursday, Aug. 3
Daily Technical Analysis Of GBPUSD – Tuesday, Aug. 1
Daily Technical Analysis Of EURUSD - Monday, July 31

Disclaimer: We also offer CFD products. 75% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with