The EUR/USD pair is currently experiencing significant negative pressure, reaching the EMA55, and may continue its decline to test the critical support level at $1.1100. As highlighted in previous reports, it is essential for the price to remain above this support to maintain an active bullish trend, with initial targets set at $1.1200 and extending to $1.1300.
A break below the $1.1100 support could lead to further losses, pushing the price down towards an initial target of $1.1040.
The expected trading range for today is between a support level of $1.1100 and a resistance level of $1.1255.
Trend Forecast: Bullish
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