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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 Forex pair is traded 8 pips below its resistance level at $1.0967.

Today at 15:30 (GMT+3), there will be an announcement on the US’s CPI which will be a hint at the strategy of the Fed on interest rate hikes and which will significantly affect the US dollar.

If it fails to pass the resistance level, then it should test the support level at around $1.09, otherwise, it could test the next resistance level at around $1.1075.

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