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April 29, 2025

U.S. Dollar Tests Key Resistance Ahead of Major Economic Reports

The U.S. Dollar is currently testing a significant resistance level as traders eagerly await crucial GDP and Non-Farm Payroll (NFP) reports. The market’s outlook for EUR/USD and GBP/USD is shifting cautiously amid these impending announcements. Analysts anticipate that the results could lead to substantial market movements, impacting dollar strength and influencing trading strategies across the board. A close eye on these upcoming releases will be critical for investors navigating the forex landscape.

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