FX.co ★ EUR/USD analysis for March 23, 2022 - Rising trendline on the test

Technical analysis:

EUR/USD has been trading downside today but I see that key support at the price of 1.0980. I see potential for the upside continuation of the rising short-term trend.

Trading recommendation:

Due to rejection of t he rising trendline and higher lows in the background, I see potential for further upside continuation.

Watch for potential buying opportunities on the intraday pullbacks with the upside objectives at 1.1035, 1.1075 and 1.1135.

Stochastic is showing fresh bear cross but there is no extreme condition, which can be indication of the fake breakout.

Support level is set at the price of 1.0950