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The EUR/USD pair has entered a consolidation phase after failing to break above February's high of 1.1900, currently trading near 1.1800. The 200-day simple moving average (SMA) at 1.1650 remains a critical support level. If this support holds, further upward momentum could follow. Traders are closely monitoring this range for potential breakout signals. The consolidation phase highlights uncertainty in the forex market ahead of major economic data releases.
