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03.01.202310:15 Forex Analysis & Reviews: EUR/USD analysis for January 03, 2023 - Key support zone on the test

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Technical analysis:

Exchange Rates 03.01.2023 analysis

EUR/USD has been trading downside this morning and key support is near at the price of 1.5075.

Trading recommendation:

Key support zone is set at the price of 1.5075 and watch for the price action around this key support zone to confirm further direction.

In case of the rejection of the key support zone at 1.0575, watch for buying opportunities towards upside references at 1.0670

In case of the downside breakout of the support zone, watch for selling opportunities towards objective at 1.0510

Petar Jacimovic
Analytical expert of InstaForex
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