The Euro To US Dollar (EUR/USD) Pair May Further Move Upside
Aa
Share
Technical analysis:
EUR/USD has been trading upside and I found breakout of the well defined trading range, which is good sign for the further rise.
Trading recommendation:
Due to the breakout of the defined trading range , I see potential for further upside movement towards main objective.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 1.1150
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of 1.0720
Relevance up to 09:00 2023-01-11 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.
