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Technical Analysis Posted 2 hours ago

EUR/USD consolidates in range after gap to 1.1622 high

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EUR/USD gapped higher at Asia-Pacific open, reaching 1.1622 before pulling back to 1.15937 session low. The pair now trades in a narrow range between these levels as traders await catalysts. EUR/USD faces key resistance at 1.16287 (50% retracement) with further targets at 1.1644 and major moving averages around 1.1675-1.1684. Range-bound action suggests consolidation before next directional move.
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