EUR/USD is trading with a bearish bias during the day, remaining under pressure below the key pivot level at 1.17500, reflecting continued weakness in short-term price action. If the downward movement persists, the pair is expected to decline toward 1.17000 followed by 1.16500, which represent important support levels.
On the other hand, if the pair manages to stabilize and hold above 1.17500, a bullish correction may emerge, with potential upside targets at 1.18000 followed by 1.18500. Overall, sustained trading above 1.17500 is necessary to support any upward move toward 1.18000.
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