EUR/USD shows hesistation at the support area 1.2205 – 1.2170. The post-Powell sentiment prevail and if bears found no reason to feel comfortable in this zone, may try to move to the south by testing the January’s low at 1.2164 which if broken will provide next target at 1.2100.
EUR/USD reversed sharply after Draghi’s press conference and marked daily low at 1.2303. Now the 1.23 area is critical for the pair as it’s acting as immediate support. In case of breaking it to below next target for the bears will be 1.2280.