The EUR/USD Pair Has A Potential For The Further Upside Movement
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Technical analysis:
EUR/USD has been trading sideways at the price of 1.0820 but I see potential for the breakout play to the upside.
Trading recommendation:
Due to the breakout of the Pitchfork channel to the upside and the bullish trend in the background, I see potential for the further upside movement.
Watch for the potential buying opportunities with the upside objective at 1.0870.
Stochastic is showing neutral reading
Key support is set at the price of 1.0805
Relevance up to 08:00 2023-01-18 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
