FX.co ★ EUR/USD analysis for November 23, 2023 - Rejection of the key support cluter

Technical analysis:

EUR/USD has been trading upside today and there was rejection of the rising trend-line the background, which is good sign for the further upside movement.

Due to the strong upside cycle, rejection of the rising trend-line and bullish reversal on RSI, there is the chance for the further growth towards upside reference..

Upside objective is set at the price of 1.0970

RSI oscillator is showing positive reversal, which is good sign for the further rally.

Key support is set at the price of 1.0830