FX.co ★ EUR/USD analysis for November 22, 2023 - Test of the key support cluster

Technical analysis:

EUR/USD has been trading downside this morning but I found that there is the test of the key support cluster at the price of 1.0880.

Due to the strong upside short-term trend and the test of the support cluster, I see potential for the further growth towards upside references.

Upside objectives are set at the price of 1.0920 and 1.0960

RSI oscillator is showing sign of downside extension and hold around 40 level, which is good sign for the further rally.

Key support cluster is set at the price of 1.0880