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EUR/USD: Analysis and Forecast
At the start of the new
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At the start of the new week, the EUR/USD pair showed positive momentum, reaching nearly a one-month high around 1.0525–1.0530 during the Asian session. This movement is supported by a renewed selling trend in the US dollar and the conservative victory in Germany's elections, both of which contribute to euro strength.Given that oscillators on the daily chart have started gaining positive momentum and are expected to continue, a sustained breakout above 1.0530, followed by a breach of the 100-day Simple
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