The EUR/USD Pair Has A Potential For The Higher Prices
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Technical analysis:
EUR/USD has been trading sideways at the price of 1.0786 and I see potential for the upside rotation towards upper references.
Trading recommendation:
Due to the strong support zone at the price of 1.0770, I see potential for the upside rotation towards resistance zone.
Watch for the potential buying opportunities with the upside objective at the price of 1.0870.
Stochastic oscillator is showing oversold condition and potential for the higher prices.
Key support is set at the price 1.0770
Relevance up to 08:00 2023-01-20 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.
