The EUR/USD pair is trading in a bearish tone during the day, with price action remaining under pressure around the key pivot level of 1.17200.
If the downside momentum continues, the market is expected to extend losses toward 1.17000, followed by 1.16940 as the next support levels.
On the other hand, if a reversal occurs and buyers regain control, prices could rebound toward 1.17400 and extend further to 1.17600.
Overall, sustained trading below 1.17200 keeps the bearish scenario dominant, with 1.17000 acting as the first key target.
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