FX.co ★ EUR/USD analysis for January 31, 2022 - Bear flag pattern in the play

Technical analysis:

EUR/USD has been trading sideways today at the price of 1,1156 but I see potential for further downside continuation.

Trading recommendation:

Due to the breakout of the key support at 1,1185 in the background and successful test-reject this morning, I see potential for the downside continuation.

Watch for selling opportunities with the downside objectives at 1,1120 and 1,1020

Key resistance level is set at the price of 1,1185