FX.co ★ EUR/USD Analysis for March 01, 2022 - Potential for the downside contiuation

Trading reccomendation:

Based on the 4H time-frame, I found that there is rejection of the falling 10EMA at the price of 1.1228, which is sign that sellers are in control.

My adice is to watch for potential selling opportunities on the inraday rallies with the downside objectives at the prie of 1.1110 and 1.1015.

Additionally, there is failed upside moveent on early morning EU session, which is another indication for further downside movement.

There is strong resistance level at the price of 1.1265

Additionaly, there is the buying climax in the background, which is another sign of the weakness...