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  • EUR/USD is finding increasingly difficult to break above the critical resistance at the 1.10 barrier.
  • The inability of the pair to break above this area of resistance in the near term carries the potential to spark a consolidative move ahead of the likely resumption of the selling sentiment.
  • In addition, while below the 3-month resistance line, today at 1.1018, the bearish view is expected to remain unaltered.

EUR/USD daily chart