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FX.co ★ EUR/USD analysis for September 09 2022 - Breakout of thee key resistance level at 1.0085

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Forex Analysis:::2022-09-09T08:29:27

EUR/USD analysis for September 09 2022 - Breakout of thee key resistance level at 1.0085

Technical analysis:

EUR/USD analysis for September 09 2022 - Breakout of thee key resistance level at 1.0085

EUr/USD has been trading upside in the background and there is the breakout of the supply trendline at 1.0083., which is good sign for further rally.

Trading recommendation:

Due to the breakout of the supply trend-line and strong upside momentum, I see further rally.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 1.0300.

Stochastic oscillator is showing bull divergence and upside momentum, which is good sign for further rally.

Key support is set at the price of 0.9875

Analyst InstaForex
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