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January 6, 2025

Market Analysis: EUR USD Declines While USD JPY Seeks More Gains

Analyzing the hourly chart of EUR USD, the pair has struggled to break through the 1.0450 resistance zone. The Euro started a fresh decline and is now trading below the 1.0350 support zone against the US Dollar. As the EUR USD navigates this challenging landscape, the USD JPY pair appears to be looking for further gains. This market analysis provides vital insights into both pairs, giving traders a clearer picture of ongoing trends and potential shifts. Keeping a pulse on these developments will be beneficial for investors seeking to navigate the complexities of the forex market.

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