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FX.co ★ EUR/USD analysis for January 03, 2023 - Key support zone on the test

EUR/USD analysis for January 03, 2023 - Key support zone on the test

Technical analysis:

EUR/USD analysis for January 03, 2023 - Key support zone on the test

EUR/USD has been trading downside this morning and key support is near at the price of 1.5075.

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Trading recommendation:

Key support zone is set at the price of 1.5075 and watch for the price action around this key support zone to confirm further direction.

In case of the rejection of the key support zone at 1.0575, watch for buying opportunities towards upside references at 1.0670

In case of the downside breakout of the support zone, watch for selling opportunities towards objective at 1.0510

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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