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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 dropped to the support level of $1.0730 and then corrected toward the resistance level, which is located at around $1.0850, whereas now it is traded at the rate of around $1.0828. Today we are expecting the release of the “Pending Home Sales” data at 16:00 and until that time we could expect the forex pair to be traded between the rates of the support and resistance from $1.08 to $1.0850.

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