EUR/USD continues to trade with a bearish intraday bias, staying under pressure below the key pivot level at 1.17500, reflecting ongoing weakness in short-term momentum. As long as the pair remains below this level, the downside scenario remains favored, with potential targets at 1.17000 followed by 1.16500.
However, if the pair manages to stabilize and hold above 1.17500, a bullish correction may emerge, opening the door for a move toward 1.18000 and then 1.18500. Overall, sustained trading above 1.17500 is necessary to shift the outlook and support a move toward higher levels.
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