FX.co - EUR/USD analysis for August 30, 2023 - Potential for the upside continuation

2023-08-30T06:40:01

Relevance until2023-08-31

Technical analysis:

EUR/USD analysis for August 30, 2023 - Potential for the upside continuation

EUR/USD has been upside in the background and I found light downside correction, which is good sign for the further upside continuation.

Due to the strong upside momentum and weak pullback, I see potential for the further growth towards upside references.

Upside objectives are set at the price of 1.0890 and 1.0925

MACD oscillator is showing fresh upside momentum in the background, which is another sign for the further growth.

Support level is set at the price of 1.0840

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

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for August 30, 2023 - Potential for the upside continuation