FX.co ★ EUR/USD Analysis for February 28, 2022 - Potential for the downside contiuation

Trading reccomendation:

Based on the 4H time-frame, I found that there is rejection of the falling 4-day moving average, which is sign for potential downside continuation.

My adice is to watch for potential selling opportunities on the rallies with the downside objective at the prie of 1.1110

There is strong resistance level at the price of 1.1265 and I saw the gap down on the opening this week, which is good sign for further downside continuation.