The EUR/USD currency pair is exhibiting further bearish momentum, successfully reaching the anticipated target of $1.0780. A breakout below this level is suggested to pursue additional negative targets, extending down to $1.0700, thereby maintaining the validity of the bearish trend for the upcoming period. However, if the price fails to break this key level, it may initiate recovery attempts, with initial resistance expected around $1.0880.
The anticipated trading range for today is between a support level of $1.0730 and a resistance level of $1.0870.
Trend Forecast: Bearish
Related topics: