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 has been in a downtrend in the past month, but it seems there is a try to flip this after the senate passed the debt-ceiling bill yesterday, where the forex pair broke through its resistance level at around $1.0750 and it is currently traded at the rate of around $1.0775. If it holds it above the level of $1.0750, it should further rise to test its resistance level at around $1.0830-1.0850. A significant role on its direction will be the US’ Nonfarm Payrolls and unemployment rate which will be announced at 1530 (GMT+3).

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