EURUSD daily chart
The euro is still rising at the beginning of 2023.
I still have the same opinion regarding the euro's prospects: it is more likely to fall than for it to continue a stable continuation of growth.
The reasons are still the same - the stress on the EU economy from the dramatic change in energy prices in the last six months.
Consequently, if we compare US and EU economies amid the general economic slowdown, then the US has the advantage.
Accordingly, it is more likely that the euro will hit a high and begin a deep pullback.
The 1.0820-1.0890 area looks like a probable pivot point, however, a reversal can occur either a bit below or above this zone. We might try to play a tactic of selling the euro from this area.
