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The EUR/USD pair is consolidating near 1.1790 as traders await critical Federal Reserve speeches and U.S. macroeconomic data. The pair has fallen from its year-to-date high of 1.2095 amid anticipation of policy guidance. Fed officials' comments on inflation and rate trajectory will heavily influence USD strength and EUR/USD volatility. The market remains in a tight range ahead of potential breakout following central bank communications.
