EUR/USD: bears going to test "Breakaway Gap"

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EUR/USD: bears going to test

The price is consolidating above the 55 Moving Average. Therefore, the market is likely going to decline towards support at 1.0819, which is near the last "Breakaway Gap". If a pullback from this level happens, there'll be an opportunity to have an upward price movement in the direction of resistance at 1.0851 - 1.0874.

EUR/USD: bears going to test

Bears faced a support at 1.0863, so the price is consolidating. In this case, the pair is likely going to test the nearest resistance at a 1.0905. However, if we see a pullback from this level, bears will probably try to reach support at 1.0819.

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