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EUR/USD Price Forecast: Downside pressure might intensify below 1.1300
The EUR/USD pair is currently facing increased downside pressure as it hovers just above the critical 1.1300 level. Market sentiment appears cautious, with the potential for intensified selling if the pair breaches this threshold. Analysts have noted that the 1.1300 mark could serve as a decisive support point, and a close below this level may trigger further corrective moves. The consensus targets for EUR/USD remain significantly higher than current levels, suggesting a divergence in short-term price action versus longer-term expectations.