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EUR/USD Finds Support as USD/JPY Shows Weakness Below 155.00

investing.com Sentiment: Neutral
EUR/USD has stabilized around 1.0550 following recent declines, finding technical support at the psychological level while USD/JPY remains vulnerable below the 155.00 threshold. The euro's resilience comes despite broad dollar strength, suggesting potential exhaustion in the greenback's recent rally. USD/JPY faces increasing downward pressure as Japanese officials maintain verbal intervention warnings, with the pair testing critical support at 154.50. GBP/USD continues to underperform at 1.2650, weighed by UK economic concerns, while AUD/USD hovers near 0.6500 amid mixed commodity signals. Technical indicators suggest EUR/USD may attempt a relief rally toward 1.0600 resistance if it maintains above 1.0530 support. The divergent performance across dollar pairs indicates selective positioning rather than broad USD momentum, with traders closely monitoring upcoming US economic data for directional cues.

Related Symbols:

EURUSD GBPUSD USDJPY AUDUSD

News data provided by Marketaux. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.

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