FX.co ★ EUR/USD analysis for November 25, 2022 - Potential for the breakout of the triangle and upside continuation

Technical analysis:

EUR/USD has been trading sideways at the price of 1.0415. Anyway, I see potential for the further upside continuation due to the triangle pattern in creation.

Trading recommendation:

Due to the strong upside pressure in the background and potential for the breakout of the triangle pattern, I see potential for the further growth.

Watch for the potential buying opportunities in case of the breakout of the triangle pattern.

Upside objectives are set at the price of 1.0475 and 1..0550

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

Key support is set at the price of 1.0220