EUR/USD is trading with a bearish bias during the day, remaining under pressure below the key pivot level at 1.17500, reflecting 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 key support levels.
On the other hand, if the pair manages to recover and hold above 1.17500, a bullish scenario may develop, with potential upside targets at 1.18000 followed by 1.18500. Overall, sustained trading above 1.17500 is required to support any upward move toward 1.18000.
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