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FX.co ★ EUR/USD analysis for February 15, 2022 - Rejection of key resistance trendline

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Forex Analysis:::2022-02-15T13:13:46

EUR/USD analysis for February 15, 2022 - Rejection of key resistance trendline

Technical analysis:

EUR/USD analysis for February 15, 2022 - Rejection of key resistance trendline

EUR/USD has been upside this morning but I see potential for the downside continuation due to rejection of the key trend line at 1,1355.

Trading recommendation:

Due to downside rejection of the key resistance trend line at 1,1355 and upside exhaustion this morning, I see potential for the downside movement.

Watch for selling opportunities with the downside objective at 1,1285

Short-term trend is downside, which is another confirmation for further downside continuation.

Analyst InstaForex
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