EUR/USD could see another selling opportunity
The sellers took control of EUR/USD earlier in the week when the price failed to break $1.2350 to the upside. Now we have seen it push back towards $1.2165, dropping below the $1.22 level.
If $1.2165 goes then we will see a test of $1.21 and the rising trendline from the November lows. A bounce will target $1.23 and then on to $1.25. Any failure to breach $1.2350 would likely constitute another selling opportunity.