EUR/USD is in a bearish trend
EUR/USD is currently in a bearish trend, but the white trendline is key to watch. If the price closes above this trendline, it may indicate a potential reversal, suggesting a bullish recovery.
However, if the price closes below the 1.0858 level, the bearish momentum is likely to continue, reinforcing the downtrend with the next target around 1.0795.
Bullish Reversal: Close above the white trendline = potential trend reversal.
Bearish Continuation: Close below 1.0858 = further selling pressure expected.
The next few hours are crucial in determining the direction of the market.
However, if the price closes below the 1.0858 level, the bearish momentum is likely to continue, reinforcing the downtrend with the next target around 1.0795.
Bullish Reversal: Close above the white trendline = potential trend reversal.
Bearish Continuation: Close below 1.0858 = further selling pressure expected.
The next few hours are crucial in determining the direction of the market.
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