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FX.co ★ EUR/USD analysis for August 30, 2023 - Potential for the upside continuation

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Forex Analysis:::2023-08-30T06:40:01

EUR/USD analysis for August 30, 2023 - Potential for the upside continuation

Technical analysis:

EUR/USD analysis for August 30, 2023 - Potential for the upside continuation

EUR/USD has been upside in the background and I found light downside correction, which is good sign for the further upside continuation.

Due to the strong upside momentum and weak pullback, I see potential for the further growth towards upside references.

Upside objectives are set at the price of 1.0890 and 1.0925

MACD oscillator is showing fresh upside momentum in the background, which is another sign for the further growth.

Support level is set at the price of 1.0840

Analyst InstaForex
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