The EUR/USD pair is currently displaying a slight bearish bias, with stochastic indicators in the overbought zone. This may prompt further price declines throughout the remainder of the day.
The focus is on a potential break below the key support level at $1.0475, which would confirm a move towards the next target at $1.0400. The continuation of the bearish trend relies on the price staying below the $1.0563 resistance level.
The expected trading range for today is between support at $1.0430 and resistance at $1.0580.
Trend Forecast: Bearish
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