FX.co - EUR/USD analysis for February 15, 2022 - Rejection of key resistance trendline

2022-02-15T13:13:46

Relevance until2022-02-16

Technical analysis:

EUR/USD analysis for February 15, 2022 - Rejection of key resistance trendline

EUR/USD has been upside this morning but I see potential for the downside continuation due to rejection of the key trend line at 1,1355.

Trading recommendation:

Due to downside rejection of the key resistance trend line at 1,1355 and upside exhaustion this morning, I see potential for the downside movement.

Watch for selling opportunities with the downside objective at 1,1285

Short-term trend is downside, which is another confirmation for further downside continuation.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for February 15, 2022 - Rejection of key resistance trendline