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

Technical analysis:

EUR/USD has been trading upwards yesterday but I see potential downside continuation today due to short-term downside cycle in the background.

Trading recommendation:

Due to strong down-cycle in the background and open drive to the downside today, I see potential for the downside continuation.

My advice is to watch for selling opportunities with the downside objectives at 1.0950 and 1.0830.

Price is still trading below the supply trend-line, which is good sign for further downside continuation.

Key resistance is set at the price of 1.1120