FX.co ★ EUR/USD analysis for December 27, 2022 - Breakout of the trading range and potential for further growth

Technical analysis:

EUR/USD has been trading upside and I found breakout of the resistance zone, which is good sign for the further growth.

Trading recommendation:

Due to the breakout of the resistance zone and strong upside trend in the background, I see potential for the further growth towards upper references.

Watch for the potential buying opportunities on the intraday dips with the first upside objective at the price of 1.0730

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

Key support is set at the price of 1.0640