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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 the FX pair is currently traded at the rate of $1.0891 after yesterday’s swing. Today, it is testing its resistance level at around $1.0895, and if it can pass that level then we could expect it to rise further toward the next resistance level which is located at around the rate of $1.0920. On the other hand, if it fails to pass the level of $1.09, then the rate should be expected to drop toward the support level at around $1.0860. Additionally, today, at 15:30 (GMT+3), the US Nonfarm Payrolls and the unemployment rate will be announced and will ultimately show the final direction of the forex pair for the day.

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