The EUR/USD pair is currently settled above the $1.0563 level, awaiting the accumulation of positive momentum to drive the price higher and resume the anticipated correctional bullish wave for today. This follows the completion of an inverted head and shoulders pattern on the chart. The first targets to watch are $1.0635, followed by $1.0706.
The bullish trend is expected to continue for today, provided that the price remains above the $1.0563 level. A break below this level, accompanied by a daily close below it, would shift the outlook.
The anticipated trading range for today is between support at $1.0500 and resistance at $1.0670.
Trend Forecast: Bullish
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