FX.co ★ EUR/USD analysis for April 01, 2022 - Potential for downside continuation

Technical analysis:

EUR/USD has been trading downside as I expected. I see further downside continuation and potential test of lower trend-line.

Trading recommendation:

Due to rejection of the upper trend line and strong supply today, I see potential for downside continuation.

Watch for potential selling opportunities on the rallies with the downside objective at the price of 1.0965.

Stochastic is showing oversold condition but with no evidence for the reversal.

Resistance is set at the price of 1.1185