FX.co ★ EUR/USD analysis for May 27 2021 - Potential for the rally towards the 1.2267

Technical analysis:

EUR has been trading downwards but I found exhaustion and potential for the upside movement.

Trading recommendation:

Watch for potential buying opportunities ont he upside breakout of resistance at 1.2214.

Upside targets are set at the price of 1.2267

Stochastic is showing oversold condition and the fresh bull cross, which is good confirmation sign...

Additionally, there is the rejection of the lower diagonal of the upside channel....