The EUR/USD pair is gradually declining from the $1.0880 level, reinforcing expectations of a continued bearish trend throughout the day. The path appears clear for the next target at $1.0780, supported by the EMA50, which continues to exert downward pressure on the price. It is important to note that the persistence of this bearish wave requires the pair to remain below the $1.0940 mark.
The expected trading range for today is between a support level of $1.0780 and a resistance level of $1.0920.
Trend Forecast: Bearish
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