EUR/USD: price testing 55 Moving Average
Read the article on FBS website
The price is testing the 55 Moving Average, which could act as support. If so, the market is likely going to reach the nearest resistance area at 1.1934 - 1.1938. Meanwhile, if a pullback from these levels happens little later on, there'll be an opportunity to have another decline towards the next support at 1.1884 - 1.1875.
Bears faced with support at 1.1941 - 1.1914, so the price is consolidating. The main intraday target is the 34 Moving Average. If we have a pullback from this line, bears are likely going to reach the closest support at 1.1890 - 1.1871.