EUR/USD technical analysis for 23rd January 2023 hourly chart.

The EUR/USD continued its growth on Friday.

The EUR/USD traded higher and closed the day in the positive territory around $1.0855. Today 23rd January 2023 it also rose a little, having risen to the level of $1.0900. On the hourly chart EUR/USD is still trading above the moving average line MA (200) H1 ($1.0810). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and as long as the EUR/USD remains above MA 200 H1, it may be necessary to look for entry points to buy for the formation of a correction.

Resistances levels are at: $1.0900, $1.0935, $1.0990

Support levels are at: $1.0835, $1.0800, $1.0785

Probably, the main scenario is continued growth to $1.0900 (session high).

The alternative scenario is consolidation below MA 200 H1, followed by decline to $1.0710 (Jan 10 low).