FX.co ★ EUR/USD analysis for February 10, 2022 - Potential for the upside continuation

Technical analysis:

EUR/USD has been strongly upside in the background. There is the major rejection and shakeout of the key support at 1,1397, which is good sign for further upside movement.

Trading recommendation:

Due to strong rejection of the key pivot support live and the price of 1,1397, I see potential for further upside movement towards upside references.

Watch for buying opportunities on the pullbacks with the upside objective at the price of 1,1570.

The short-term trend is bullish, which is another sign for the upside continuation....