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EURUSD Faces Bearish Reversal, Eyes 1.0220 Support

by Daisy

The EURUSD price tested the $1.0325 level and faced a bearish rejection, maintaining the validity of the downward trend in the coming period. The focus now shifts to the $1.0220 support level, with a break below this point paving the way for further declines toward the $1.0100 target.

However, should the price break above $1.0325, a bullish correction could emerge, with initial targets pointing towards $1.0455.

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For today, the expected trading range is between $1.0200 support and $1.0360 resistance.

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Trend Forecast: Bearish

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