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EURUSD Price Analysis: Bearish Trend Expected to Continue

by Daisy

The EURUSD pair showed positive movement yesterday, testing the 1.0760$ level. The EMA50 aligns with this support level, reinforcing its strength. Despite this, the overall bearish bias is expected to resume, targeting 1.0675$ initially, followed by 1.0600$.

Currently, the bearish trend remains valid and active. However, a breach of the 1.0795$ level would halt the anticipated bearish wave, potentially leading to a bullish reversal.

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Expected Trading Range for Today

Support: 1.0660$

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Resistance: 1.0800$

Trend Forecast: Bearish

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