FX.co ★ EUR/USD analysis for February 01, 2022 - Strong upside momentum

Technical analysis:

EUR/USD has been trading upside today and the day looks very imbalanced. I see potential for the upside continuation.

Trading recommendation:

Due to the imbalanced regime and that upside breakout of the contraction, watch for the buying opportunities on the pullbacks.

Upside objectives are set at $1,300 and 1,335

Support level is set at the price of 1,1233