EUR/USD analysis for April 28, 2023 – Potential for the further upside movement
April 28, 2023 7:25 am
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
The material has been provided by InstaForex Company – www.instaforex.com
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
The material has been provided by InstaForex Company – www.instaforex.com
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