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The intraday bias for EUR/USD remains neutral as the currency pair consolidates. On the downside, a sustained break below the 55-day Exponential Moving Average, currently positioned at 1.1557, would suggest that the rebound from 1.1323 has concluded as a three-wave corrective pattern, potentially opening the door for a retest of that floor. On the upside, a move above 1.1659 would keep the near-term bullish rally intact.
