Forex Analysis & Reviews: EUR/USD analysis for January 02, 2023 - Rejection of the intraday support

EUR/USD has been trading downside this morning but I found rejection of the key support zone, which is sign that there is chance for the upside movement.

Trading recommendation:

Due to the rejection of the rising trend-line and support zone at the price of 1.0665, I see potential for the upside movement towards upside references...

Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of 1.0710 and 1.0735

RSI oscillator is showing oversold condition, which is good sign for the further rally...

Key support is set at the price of 1.0665

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex

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