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EUR/USD Analysis – Difficulty at Resistance and Possible Pullbac

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The EUR/USD pair is currently trading at a strong resistance level. This area stands out both because it has historically been a zone of intensified selling pressure and because indicators like the RSI are giving overbought signals.

On the other hand, the DXY being at a support area and the potential for an upward response suggests that the dollar may strengthen against the euro. If this scenario occurs, we are likely to see a downward correction in the EUR/USD pair.
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