Daily Technical Analysis Of EURUSD - Friday, Aug. 4
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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.
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