Understanding the EUR/USD 1.20 Resistance Level in Context

I've been watching $EURUSD pretty closely lately, especially with all the talk about inflation and interest rates. It seems like every time we approach that 1.20 level, there's some serious selling pressure. Today, it touched 1.195, just shy of it. From what I'm gathering, this isn't just a random number; it likely represents a significant psychological and technical resistance point. Historically, traders have used these round numbers as points to take profit or initiate new short positions. I'm trying to figure out what kind of economic data — maybe upcoming CPI or GDP revisions — would be needed to actually punch through that. Is it going to take a really strong inflation print from the Eurozone or a much weaker jobs number from the US to give it the momentum it needs to break out consistently above 1.20, or are we just stuck range-bound here until some major policy shifts?