FX.co ★ EUR/USD analysis for April 28, 2023 - Potential for the further upside movement

Technical analysis:

EUR/USD has been trading downside this morning but I found strong rejection of the key support at the price of 1.1010. I see potential for the further upside movement.

Due to the rejection of the key support in the background and the strong upside cycle on higher time-frames, I see potential for the further rally.

Upside objective is set at the price of 1.1090

MACD is showing no selling pressure and potential for the upside reading....

Key support is set at the price of 1.1010