The EUR/USD currency pair is currently attempting to break the $1.0880 level, reinforcing expectations for the continuation of the prevailing bearish trend throughout the day. A successful breach would pave the way toward our next target at $1.0780, maintaining the validity of the negative scenario. However, this outlook will only remain intact unless the price breaches $1.0940 and sustains above that level.
Today’s expected trading range is between $1.0810 (support) and $1.0950 (resistance).
Trend Outlook: Bearish
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