FX.co ★ EUR/USD analysis for November 24, 2022 - First upside objective has been reached, potential for further growth

Technical analysis:

EUR/USD has been trading upside as I expected and the price is very close to first upside objective at 1.0475. Anyway, due to the strong upside momentum, I see potentila for test of upper references

Trading recommendation:

Due to the strong upside pressure in the background and rejection of the key Fibonacci confluence in the background, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of 1.0550 and 1.0750.

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

Key support is set at the price of 1.0250