FX.co ★ EUR/USD analysis for September 04, 2023 - Potential for the rally

Technical analysis:

EUR/USD has been trading upside this morning and I found rejection of the key support zone at the price of 1.0765.

Due to the rejection of the support zone in the background and the upside momentum this morning, I see potential for the growth towards the upside rererences.

Upside objectives are set at the price of 1.0835 and 1.0875

MACD oscillator is showing upside reading, which is good sign the buyers are in control.

Key support is set at the price of 1.0765