FX.co ★ EUR/USD analysis for December 14, 2022 - Breakout and potential for bigger growth

Technical analysis:

EUR/USD has been trading upside as I expected and I found breakout of the median Patchwork trend-line, which is good sign for the further upside movement.

Trading recommendation:

Due to the strong upside pressure in the background and breakout of the key supply trend-line, I see potential for further growth towards the bigger Pitchfork median line.

Watch for the potential buying opportunities with the upside objective at 1.1100.

Both faster and slower Stochastic are showing bull continuation...

Key support is set at the price of 1.0300