The EUR/USD pair is trading with a bearish bias today around the pivot level 1.1702. If the downward move begins, the price is expected to head toward 1.1682 once again, followed by 1.1656.
In the alternative scenario, a bullish reversal could push the pair toward 1.1769 and then 1.1804.
As long as trading remains below 1.1702, the downside move toward 1.1682 remains likely.
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