EUR/USD Critical Pivot Zone: Breakout Imminent?

**⚡ Key Highlights:**
- EUR/USD is trading near the critical **1.02442 pivot zone**, where long and short positions are relatively balanced.
- A decisive breakout could set the stage for significant directional movement in the short term.

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### **📈 Key Resistance Levels:**
1️⃣ **1.03000 - 1.03500**
- A break above **1.03000** could trigger short-covering, leading to momentum buying.
- Upside targets include **1.03500** and **1.05000**, especially with weak U.S. data or Eurozone surprises.

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### **📉 Key Support Levels:**
1️⃣ **1.02000 - 1.01500**
- A breakdown below **1.02000** may push the pair toward **1.01500** or even **1.0000**.
- However, limited short momentum below the current price suggests caution without new selling pressure.

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### **📊 Likely Scenarios:**
**1. Bullish:**
- Weak USD momentum or Eurozone surprises could push EUR/USD above **1.03000**, rallying toward **1.03500+**.

**2. Bearish:**
- Strong U.S. Dollar Index (DXY) momentum may lead to a test of **1.02000**, with potential extensions to **1.01500**.

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**🔍 Monitor:**
- Economic data from the Eurozone & U.S.
- Price action around the key pivot zone (**1.02442**).

Trade with caution and watch for confirmations of breakout levels!