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EUR/USD Forecast: The Next Upside Target is 1.1000

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Samuel Nuñez

The US Dollar (USD) regained some composure at the start of the week, pushing the Dollar Index (DXY) to the low 104.00s amid a broad-based reaction in the risk-related universe. The modest advance of the Dollar dragged the EUR/USD back below 1.0900 shortly after the pair reached new monthly highs around 1.0920, all amid marginal movements in the US and German money markets.

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