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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 yesterday, after the announcement of the US’s CPI, the FX pair rose close to its resistance level at around $1.0830 and then dropped to the current rate of around $1.0786. Today, if it holds above the level of $1.0770-1.0780, we could expect it to test its resistance level again. On the other hand, it should further drop towards its support level at around $1.0730. The direction of the forex pair will be clearer at 21:00 (GMT+3) when the Fed’s interest rate decision will be known, as well as the FOMC statement and the economic projections. 

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