FX.co ★ EUR/USD analysis for April 11, 2022 - Watch for potential downside continuation

Technical analysis:

EUR/USD has been trading sideways today at the price of 1.0900.I see potential for the downside continuation.

Trading recommendation:

Due to the rejection of the key pivot resistance at 1.0930, I see potential for the downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objectives at 1.0875 and 1.0840.

Stochastic is showing overbought condition and fresh bear cross, which is good sign for further downside movement.

Key resistance is set at 1.0935