The EUR/USD is showing increased bullish momentum, testing the $1.0400 level. However, it is anticipated that the price will soon encounter negative pressure, which could trigger a decline and resume the expected bearish trend for today. A key level to watch is $1.0333; a break below this will likely open the way for further downside towards the next target at $1.0250. The bearish outlook remains valid unless the price breaks and sustains above the $1.0475 resistance.
The expected trading range for today is between $1.0300 support and $1.0445 resistance.
Trend Forecast: Bearish
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