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April 23, 2025

EUR USD Plummets as Bulls Retreat at 1.1500, USD JPY on the Rise

On the hourly chart of EUR USD at FXOpen, the currency pair initially rallied above the critical 1.1500 resistance level. However, bearish momentum surfaced, resulting in a decline. The Euro has now traded below the significant 1.1500 support zone against the US Dollar. Market outlook suggests further volatility as traders assess economic indicators and geopolitical developments.

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