Market Analysis of EURUSD on Monday 3 April 2023

EUR/USD Intraday: under pressure.

Pivot:

1.0850

Our preference:

Short positions below 1.0850 with targets at 1.0790 & 1.0760 in extension.

Alternative scenario:

Above 1.0850 look for further upside with 1.0880 & 1.0900 as targets.

Comment:

The RSI has broken down its 30 level.