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The EUR/USD pair is consolidating near critical support at 1.1800 following the release of key U.S. macroeconomic data, having retreated from its year-to-date high of 1.2095. Traders are monitoring this level for potential breakouts, with a bullish bias if the pair holds above 1.1800. The U.S. data, including employment and inflation figures, remains a primary driver of forex market sentiment. A sustained recovery in EUR/USD could attract renewed buying interest from European exporters and investors seeking higher yields.
