FX.co ★ EUR/USD analysis for May 24 2021 - Potentia lfor the downside rotation towards 1.2165

Technical analysis:

EUR has been trading upwards at the price of 1.2212 but there is potential exhaustion condiiton.

Trading recommendation:

My advice is to watch for selling opportunities if you see any bear divergence on the lower time-frames like 15/30 minutes since there is good space for the downside rotation towards 1.2165.

Stochastic is showing overbought condition and fresh bear cross, which is good sign for further lower price.Resistance is set at : 1.2235