The EUR/USD pair is trading within a sideways range with a bearish bias during today’s session, remaining near the pivot level of 1.16400 amid cautious market sentiment and anticipation of upcoming economic data.
If the decline continues, the pair is expected to target 1.16300 followed by 1.16000.
Alternatively, in case of a bullish rebound, the pair may rise toward 1.16800 and then 1.17000.
The bearish outlook remains valid as long as trading stays below 1.16400, supporting a potential move toward 1.16000.
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