FX.co ★ EUR/USD analysis for November 14, 2022 - Potential for bigger upside movement

Technical analysis:

EUR/USD has been trading upside as I expected and the price has reached the first upside objective at the price of 1.0300. Anyway, I see potential for further upside movement due to the strong upside momentum.

Trading recommendation:

Due to the strong upside pressure in the background and and hold of the rising trend-line, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 1.0600.

MACD oscillator is showing upside reading, which is strong sign that buyers are in control.

Key support is set at the price of 1.0220