EUR/USD analysis for February 09, 2022 - Breakout of the bull flag pattern

Technical analysis:

EUR/USD has been trading upside today and there is the breakout of the bullish flag pattern in the background, which is good sign for further upside continuation.

Trading recommendation:

Due to the breakout of the bull flag pattern in the background and the short-term upside trend, buying opportunities are preferable.

Watch for buying opportunities on the pullbacks with the upside objectives at 1,1480 and 1,1520.

Support level is set at 1,1396

Additionally, there is the rejection of the rising trend-line, which is another sign for the further upside continuation.