The EUR/USD pair has decisively broken below the 1.0760$ level, reaching our initial target of 1.0700$ and reinforcing expectations of further bearish movement throughout the day. With the US elections nearing their conclusion and Donald Trump’s likely victory, the next key target for the pair is 1.0650$.
However, if the price manages to surpass 1.0760$ and hold above it, the current bearish trend will be invalidated, potentially leading to a reversal and a recovery that could first target the 1.0865$ level.
The expected trading range for today is between support at 1.0650$ and resistance at 1.0900$.
Market Trend Forecast: Bearish
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