FX.co ★ EUR/USD analysis forMay 26, 2023 - Resistance cluster at the price of 1.0745 on the test

Technical analysis:

EUR/USD has been trading upside this morning but resistance clusters are on the test at 1.0745. There is also a strong potential resistance at 1.0760.

In case of the upside breakout of the $1.0745, there is potential for the rally towards next major resistance at 1.0760

In case of the downside rotation and rejection of the resistance at 1.0760, there is chance for the rotation downside towards support zone at 1.0717

Faster Stochastic oscillator is showing fresh bear cross....