EURUUSD new April low

During the Asian session, the euro was generally calm, and the EURUSD pair consolidated around 1.08800. As the European session began, the euro began to weaken again, with a break below 1.08700. Pair re-tested the 1,085,000 level and confirmed bearish pressure on the chart. We are now looking at 1.08350 as potential support before visiting the 1.08000 level, this year's low of March 7th. For the bullish option, we need new positive consolidation and growth above 1.09500. After that, we get support in MA20 and MA50 moving averages. Our next target is the 1,10000 level. An additional potential resistance at that level is the MA200 moving average. A good bullish momentum could bring us back above the March trend line if the pair crosses above 1.10500 levels.