The EUR/USD Pair Is Expected The Upside Movement| FXMAG.COM

Technical analysis:
Trading recommendation:

Technical analysis:

EUR/USD has been trading downside this morning and I found the test of the key support zone at the price of 1.0800. I see potential for the upside movement.

Trading recommendation:

Due to the intraday oversold condition and the test of the key support zone, I see potential for the upside rotation towards upper reference at 1.0870.

Watch for potential buying opportunities with the upside objective at 1.0870

Stochastic oscillator is showing oversold condition and potential for the upside rotation.

Key support is set at the price of 1.0800

Relevance up to 09:00 2023-01-17 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.

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Peter Jacimovic

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The EUR/USD Pair Is Expected The Upside Movement

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Technical analysis:

Trading recommendation:

Peter Jacimovic

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