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 EUR lost ground over USD, after last week’s ECB decision on interest rate hikes and Lagarde’s comments on this policy, from the rate of $1.1120 to around $1.0950, but then it started to recover its ground, and currently it is traded at around $1.1014.

Pixabay

Today, if it manages to hold the rate above the level of $1.10, then it should further rise towards the resistance level at around $1.1080, otherwise it could test its support level at around $1.0970.

AAATrade Market Research Department

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