EUR/USD is trading with a bearish bias during the day, staying under pressure below the key pivot level at 1.17500, which reflects weakness in short-term price action. If the downward movement continues, 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 recover and hold above 1.17500, the bullish scenario may return, with potential upside targets at 1.18000 followed by 1.18500. Overall, sustained trading above 1.17500 is required to support any continued upward move toward 1.18000.
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