Daily Technical Analysis Of EURUSD - Wednesday, July 12

By AAATrade of AAATrade.com
Wednesday, July 12, 2023 9:40 AM EDT

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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 has been in an uptrend, and it is traded above the level of $1.10, at the rate of $1.1023. Today, it could approach the level of $1.11 but all will depend on the US’s announcement at 15:30 (GMT+3) on CPI. In case USD gets stronger, its support level will be located at $1.0950, otherwise, its resistance level will be the rate of $1.11.

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AAATrade's Daily Technical Analysis of EURUSD - 12/07/2023

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