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Forex

EUR/USD Consolidates Above $1.1500 as Eurozone Data Favors Breakout

Guavy AI Editorial Team
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EUR
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The EUR/USD pair is currently consolidating near $1.1500 after breaking above its previous range of $1.1390-$1.1470.

Buyers continue to defend $1.1500, despite several volatile pullbacks from the $1.1550-$1.1560 area.

The short-term moving averages are flattening, suggesting consolidation rather than a confirmed reversal.

As long as the pair remains above $1.1500, the technical structure supports another test of $1.1540-$1.1560, followed by $1.1600-$1.1650.

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