The EUR/USD currency pair is currently exhibiting a slight bullish bias, influenced by positive stochastic indicators. However, as long as the price remains below the $1.0880 level, our bearish outlook for today will remain intact. This perspective is further supported by the negative pressure exerted by the 50-day Exponential Moving Average (EMA). Our targets are set to begin at $1.0780, with the potential to extend to $1.0700 following a break below the previous level.
For today, the anticipated trading range is between the support level at $1.0735 and the resistance level at $1.0880.
Trend Forecast: Bearish
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