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Sign InThe EUR/USD pair is consolidating around the 1.1600 level as initial bullish momentum faces headwinds from recent geopolitical developments. Market focus has shifted toward the potential impact of Donald Trump's peace plan, which is emerging as a critical factor for the pair's trajectory. However, identification of Iranian resistance to the proposed plan has capped further gains for the single currency at key resistance levels. Analysts suggest that a sustained recovery in EUR/USD traction is now closely linked to a necessary shift in Tehran's rhetorical tone. This uncertainty continues to weigh on risk appetite, affecting broader equity markets including the S&P 500 and Nasdaq. Meanwhile, the US Dollar Index (DXY) remains a focal point for investors seeking safe-haven assets amidst the current diplomatic stalemate.