The EUR/USD currency pair has faced challenges breaking above the 1.0950 threshold, indicating a potential downturn. After a strong rally earlier this month, the pair reclaimed its crucial 200-day moving average now positioned at 1.0725. Analysts at Societe Generale emphasize that the inability to surpass the 1.0950 mark could lead to a significant pullback. Traders should remain vigilant as economic conditions evolve as this phase of consolidation raises questions about the pair’s trajectory. Monitoring upcoming economic indicators will be key to forecasting movement in the EUR/USD pair.