On EUR/USD ... short-term technicals

EUR/USD technical analysis - some of the support, resistance levels and patterns - this from an overnight note from Scotiabank

EURUSD short-term technicals:

• Neutral/bearish - while we think the pull of the early Februay low at 1.2207 remains quite strong after successive failures above 1.25 (setting up a potential double top signal on a break under 1.22), intraday price action looks relatively firm for the EUR.
• The EUR has found solid support on dips to the 1.2260 area and intraday patterns suggest that a fairly firm (if short term) low may be in the price now.
• That suggests the near-term battle lines are drawing up between demand in the mid 1.22s and supply around 1.23.