Since the last week of March 23, EURUSD is bullish with the ascending channel. On 13 April Eurusd made a new ATH in 2023.
After the breakout of FEB ATH 1.1030 level EURUSD price was rejected with bearish rounded top pattern.After a strong downward Eurusd reached to 1.0920-1.09 support zone.
At the moment Eurusd is on the decision zone. If the price get bullish action over support zone i think Eurusd could retest Feb ATH point again.
However Eurusd, under the support zone and another 1.0890 strong support key level could be bearish or neutral .
After the breakout of FEB ATH 1.1030 level EURUSD price was rejected with bearish rounded top pattern.After a strong downward Eurusd reached to 1.0920-1.09 support zone.
At the moment Eurusd is on the decision zone. If the price get bullish action over support zone i think Eurusd could retest Feb ATH point again.
However Eurusd, under the support zone and another 1.0890 strong support key level could be bearish or neutral .