Image Source: Pexels
 

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 struggling to hold the level of $1.09. If it fails to pass the range of $1.0910-1.0930 where its resistance level is located, today, then we should expect a drop of the forex rate towards its support level at around $1.0850.

Though, if it is not able to hold above the aforementioned level, then a further drop could be expected toward its next support level at around $1.0830. 

(Click on image to enlarge)

More By This Author:

Daily Technical Analysis Of GBPUSD - Tuesday, Jan. 24
Intraday Technical Analysis Of Johnson & Johnson
Daily Technical Analysis Of EURUSD - Monday, Jan. 23