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The EUR/USD pair is in a consolidation phase after failing to surpass February's high of 1.1900, currently stabilizing near 1.1800. Analysts maintain a positive outlook if the pair remains above the critical 1.1650 support level, which could attract buyers and boost momentum. The inability to break higher resistance has limited upward pressure, but sustained levels above 1.1650 signal bullish bias. This development impacts forex traders monitoring eurozone economic data and U.S. Fed policy shifts.
