FX.co ★ EUR/USD analysis for November 25, 2021 - Breakout of the falling wedge in the background

Technical analysis:

EUR/USD has been trading upside this morning and there is the breakout of the falling wedge in the background, which is sign for the potential upside movement.

Trading recommendation:

Due to upside brekaout of the resistance trend line in the background, I see potential for the upside movement.

Watch for buying opportunities on the dips with the upside objectives at 1,1250

Gold didn't have power to break rising trend line, which is another sign that upside is in the play.

RSI is showing oversold condition, which is sign that there is potential for the upside rotation.

Support level is set at 1,1185