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

2023-04-04T06:07:48

Relevance until2023-04-05

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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