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EUR/USD needs to break $1.1850 to overturn bearish momentum
EUR/USD holds above $1.1714, with dips below this level continuing to bring out the buyers over the past week or so.
Momentum indicators remain bearish on the daily chart, while on the four-hour chart, we can see that the downtrend from the 3 August high remains in place. It will need a push above the $1.1850 area to break this.