EUR/USD: bears go ahead the trend line
The price has faced a resistance near the downtrend line, so we’ve got a “V-Top” at the local high, which led to the current decline. Therefore, the market is likely going to continue falling down towards a support at 1.1085, which is strengthened by the uptrend line. If a pullback from this line happens, there’ll be a chance to see an upward correction.
The last local flat has been finally ended by the current bearish rally. Also, there’s a “V-Top” on the Moving Average lines, so bears are likely going to move on towards a support at 1.1097 – 1.1085. If sellers be stopped somewhere in this area, a local rise becomes possible.