FX.co ★ EUR/USD analysis for June 12, 2023 - Potential for the upside continuation

Technical analysis:

EUR/USD has been trading downside on Friday but I found potential upside continuation this morning.

Due to the strong mid and long term upside trend on the EUR and the bull flag pattern in the play today, I see potential for the upside movement towards reference points.

Upside objectives are set at 1.0785 and 1.0830

MACD oscillator is showing pullback within trend, which is good sign for the further higher prices.

Key support is set at the price of 1.0667