FX.co ★ EUR/USD

Hello traders. Currently, the EURUSD pair shows a somewhat balanced picture with a slight downward movement. The dollar is feeling confident due to geopolitical storms and hints from the Fed about tightening measures, while the euro is facing challenges as energy prices rise and the Eurozone economy is under threat. The morning started with a downward gap, which has already been filled. We are now looking at the key level of 1.17717. If we spot a reversal pattern here, we will sell with a target of 1.16970. Of course, it's best to sell at higher levels, from 1.17915, but the pair may start falling from current levels as well. If the daily candle closes below the 1/2 zone of 1.17406-1.17298, then the way is open to the full margin at 1.16326-1.16110.