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The EUR/USD pair traded in a narrow range above 1.1740 last week with a neutral initial bias. Key resistance at 1.1928 remains critical; a breakdown below 1.1740 could target 1.1576 support, signaling a potential bearish shift. A firm break above 1.1928 might reverse the near-term outlook. The psychological level of 1.20 is a pivotal focus for traders, with implications for broader forex market sentiment.