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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 approached the 1.1600 resistance level after surpassing the previous weekly high of 1.1435, driven by a bullish shift in the Relative Strength Index (RSI). By July 20, the pair faced technical hurdles near 1.1500, while a rising channel formed on the 4-hour chart with support at 1.1400. Despite struggling to break higher, the Euro remained supported above the 1.1365 level against the US Dollar.