The EUR/USD pair is trading in a bearish trend during today’s session, remaining below the pivot level of 1.18400.
If selling pressure continues, the pair is expected to decline toward 1.18000 followed by 1.17600.
Alternatively, in case of a bullish rebound, price may target 1.18600 then 1.18800.
The bearish outlook remains valid as long as trading stays below 1.18400, while holding above it may trigger a corrective move higher.
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