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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The EUR/USD pair failed to clear the 1.1650 resistance level, initiating a decline that broke through key support levels at 1.1620 and 1.1600. The pair is currently attempting to close above a major bearish trend line with resistance at 1.1595. Meanwhile, markets are evaluating a potential shift in Federal Reserve policy this week, which could trigger a recovery for the Euro.