The EUR/USD currency pair is currently exhibiting a bearish bias, moving away from the $1.0880 level. This decline is supported by negative stochastic indicators, reinforcing expectations of a continued bearish trend throughout the day. The path is clear for the price to reach the anticipated target at $1.0780. It is crucial to maintain a position below $1.0880 to sustain this expected decline.
For today, the anticipated trading range is between the support level at $1.0785 and the resistance level at $1.0930.
Trend Forecast: Bearish
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