FX.co ★ EUR/USD analysis for November 20, 2023 - Potential for the further rally towards next upside reference

Technical analysis:

EUR/USD has been trading upside and the short-term trend is bullish. I still see potential for the further rally and upside continuation.

Due to the short-term upside trend and no signs for the reversal, I see potential for the further rally towards upside reference.

Upside objective is set at the price of 1.1000

RSI oscillator is showing positive reversal and holding above 60 level, which is good sign for the further rally and strong sign that buyers are in control.

Key support is set at the price of 1.0900