The EUR/USD pair encountered significant resistance on the hourly chart, failing to break through the 1.1380 level. Consequently, the Euro has begun to decline, moving below the key 1.1300 support against the US Dollar. Market conditions indicate a struggle for the Euro as it reacts to a strengthening dollar and broader economic signals. Traders are now actively monitoring this pair, assessing potential entry points as it navigates these challenges. The future trajectory of EUR/USD will depend on various economic indicators and market sentiment, making close observation essential for anyone involved in forex trading.