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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 weekly chart, we can see that the FX pair topped twice at its resistance level at around $1.0920 and currently it is traded at around $1.0904. Today, if it holds the level of $1.09, then we could see it rising above that resistance level to a new year’s high rate, otherwise, it should drop towards the support level of around $1.0840. Today, the European CPI and the US PCE Price Index will be announced, which will play a significant part in the direction of the forex pair.

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