eur-usd-technical-analysis-25-april-2023

EURUSD technical analysis; 25/04/2023

deltawriter 25 April 2023

From a long-term and technical analysis perspective, the EURUSD currency pair oscillates within its upward channel. However, given the price hitting the ceiling of the channel and the formation of a double-top pattern, we expect the price to decrease slightly towards the bottom of the channel and the price range of 1.0840. If this level is broken, the upward channel will be broken, and the price may experience lower ranges to the support level of 1.0600.

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