The rate found a 2023 low at the beginning of last month, in area 0.8824, and seems have developed the beginning of a medium term bullish trend. The pair found support on the daily 21SMA and then on the 55 day EMA. Moving averages ready for a crossover with a potential bullish leg with would see the most relevant dynamic resistance near 0.9350 (200 day SMA).
Below 0.8930 likely the development of a range that will seek a retest of 0.8821
