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.
Chart PatternsTechnical IndicatorsTrend Analysis

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