EUR/USD: bears broke local trend
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The price is still declining, but bears faced support on the 55 Moving Average. Nevertheless, the market is likely going to reach the next support at 1.0851, which could be a departure point for an upward movement in the direction of resistance at 1.0905 - 1.0910.
There's a local "V-Bottom", so the price is consolidating. In this case, bulls are likely going to achieve the 89 Moving Average in the coming hours. If a pullback from this line happens, bears will probably try to reach support at 1.0851.