FX.co - EUR/USD analysis for April 27, 2023 - Potential for the upside movement

2023-04-27T08:21:25

Relevance until2023-04-28

Technical analysis:

EUR/USD analysis for April 27, 2023 - Potential for the upside movement

EUR/USD has been trading sideways at the price of 1.1050 and there is potential for the upside continuation towards upside reference.

Due to the strong upside cycle on the longer time-frames and building higher lows in last couple of days, I see potential for the further growth.

Upside objective set at 1.1095

Support is set at the price of 1.032

*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 27, 2023 - Potential for the upside movement