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EUR/USD

Euro Consolidates as Traders Position Ahead of FOMC


EUR/USD remains in a consolidation phase amid declining U.S. yields and improving U.S. economic sentiment. With the Fed’s policy decision due Wednesday, traders are holding neutral positions as dollar strength persists near-term.

Key Levels: Support at 1.1552 | Resistance at 1.1752
Investor Takeaway: RSI near 61 trending downward toward MA line with flat MACD selling pressures; short-term consolidation expected before Fed guidance.