FX.co ★ EUR/USD analysis for November 09 2023 - Potential for teh further rally

Technical analysis:

EUR/USD has been trading upside in the background and I found breakout of the swing high at 1.0700, which is good sign for the further rally.

Due to the breakout of the swing high and due to the upside condition, I see potential for the further rally towards next upside reference.

Upside objective is set at the price of 1.0750

RSI oscillator is reading around 50 level, which is sign of indecision

Support level is set at 1.0680