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May 20, 2025

EUR/USD Tests Critical Resistance Near 1.1250; What Next?

The EUR/USD pair remains steady, pricing around 1.1240 in Asian trading hours this Tuesday. Following a gain of more than 0.50% in the prior session, the current trading environment suggests a test of the descending channelโ€™s upper boundary. Technical analysis reveals a bearish inclination, as the pair positions itself within a descending channel. Traders should keep a close watch on market signals that may indicate a change in direction or momentum as they engage with this dynamic market scenario.

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