FX.co ★ EUR/USD analysis for December 05, 2022 - Potential for the the biiger growth

Technical analysis:

EUR/USD has been trading upside as I expected and the price is heading towards the main upside objective. I see potential for the upside continuation.

Trading recommendation:

Due to the upside pressure and bullish trend in the background, I see potential for further upside continuation.

Watch for the potential buying opportunities on the dips. The zone around 1.0530-1.0490 seems like strong support.

Upside objective is set at 1.0690

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of 1.0480-1.0490