19.01.202309:22 Forex Analysis & Reviews: EUR/USD analysis for January 19, 2023 - Potential for the upside movement towrads resitance zone

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Technical analysis:

EUR/USD has been trading sideways at the price of 1.0786 and I see potential for the upside rotation towards upper references.

Trading recommendation:

Due to the strong support zone at the price of 1.0770, I see potential for the upside rotation towards resistance zone.

Watch for the potential buying opportunities with the upside objective at the price of 1.0870.

Stochastic oscillator is showing oversold condition and potential for the higher prices.

Key support is set at the price 1.0770

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