EUR/USD is trading within a sideways intraday range, fluctuating around the key pivot level at 1.17500, reflecting a balanced market with no clear directional bias. As long as the pair remains near this level, price action is expected to stay range-bound.
If downward pressure strengthens, the pair may decline toward 1.17000 followed by 1.16500. On the other hand, if the pair stabilizes above 1.17500, a bullish move may develop, targeting 1.18000 and then 1.18500. Overall, holding above 1.17500 supports the possibility of upward movement toward 1.18000.
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