FX.co ★ EUR/USD analysis for January 04, 2023 - Key support zone held successful

Technical analysis:

EUR/USD has been trading upside this morning and I found rejection of the key support zone at the price of 1.0520. There is potential for the upside movement.

Trading recommendation:

Due to the rejection of the key support zone at 1.0515, I see potential for further growth towards upside reference.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 1.0675

Stochastic oscillator is showing fresh bull cross, which is sign that buyers are taking control.

Key support is set at the price of 1.0675