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FX.co ★ EUR/USD analysis for April 04, 2023 - Potential for the downside movement

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Forex Analysis:::2023-04-04T06:07:48

EUR/USD analysis for April 04, 2023 - Potential for the downside movement

Technical analysis:

EUR/USD analysis for April 04, 2023 - Potential for the downside movement

EUR/USD has been trading downside this morning and I see potential for the further downside movement.

Due to the rejection of the resistance level at 1.0910 and the breakout of the rising trend-line, I see potential for the downside movement.

Downside objectives are set at 1.0865 and 1.0835

Key resistance is set a the price of 1.0910

Analyst InstaForex
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