FX.co ★ EUR/USD analysis for January 27, 2023 - Potential for the upside movement

Technical analysis:

EUR/USD has been trading downside and the price is testing the key support zone at the price of 1.0865. There is the chance for the upside rotation.

Trading recommendation:

Due to the test of the strong support zone at the price of 1.0865, I see potential for the further upside movement towards upside zone.

Watch for the potential buying opportunities with the upside objectives at 1.0900 and 1.0920

Stochastic oscillator is showing bullish divergence and oversold condition, which is sign that buyers can join...

Key support is set at the price of 1.0865