FX.co ★ EUR/USD analysis for February 16, 2022 - Potential for the drop towrads

Technical analysis:

EUR/USD has been trading upside in last 24 hours and the price tested the level of 1,1395. Anyway, since I found test and rejection of the key pivot, I see potential for the downside movement.

Trading recommendation:

Due to test and reject of the key resistance at 1,1395, I see potential for the downside movement.

Watch for selling opportunities with the downside objectives at 1,1282 and 1,1145

There is strong cluster of the swing lows in the background, which is acting like solid resistance today.