FX.co ★ EUR/USD analysis for June 27, 2022 - Ascending triangle in creation, potential for the breakout

Technical analysis:

EUR/USD has been trading upside and the price reached the level of 1.0575. Anyway, I see potential for the breakout of the ascending triangle.

Trading recommendation:

Due to the triangle pattern in creation and higher lows, I see potential for the upside breakout.

Watch for potential buying opportunities in case of the upside breakout of resistance at 1.0605.

Upside objective is set at 1.0775

Stochastic is showing overbought condition but with no evidence for the reversal.

Key support is set at the price of 1.0515