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This EURUSD sideways chop is really testing patience. Feels like we're just going in circles around 1.1710-1.1720. Not much conviction either way from the market right now, just a lot of noise. Watching the H4 chart, seeing the 50 SMA still acting as resistance above.
And that 50 SMA up there at 1.17168 is looking pretty solid as a barrier. If price can't break through that on the H4, we could easily see it roll back down towards the daily pivot around 1.17123, maybe even test S1 at 1.17075 if momentum shifts. It's all about whether buyers can finally push past that key resistance area. If not, the bears will likely try to drag it lower. Just need to see which side breaks first.