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May 1, 2025

EUR USD Faces Downside Pressure After Breaking Key Support

The EUR USD pair experiences renewed selling pressure following a breach of the critical 1.1306 support level. This development suggests a return to a bearish outlook for the market, with targets set for the 1.1158 level based on the 100% projection. Traders should monitor economic indicators closely, as they will play a crucial role in determining the pair’s near-term trajectory. A continued focus on US dollar dynamics will likely influence future movements.

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