FX.co ★ EUR/USD analysis for November 24, 2021 - Extreme downside condiiton

Technical analysis:

EUR/USD has been trading downside this morning. Anyway, I found that price reached the extreme condition and there is potential for the rally.

Trading recommendation:

Due to extreme market condition and selling climax in the background, I see potential for the upside rotation.

Watch for buying opportunities with potential upside objectives towards 1,1235 and 1,1250

Stochastic oscillator is showing oversold condition and fresh bull cross, which is sign for the upside rotation.