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03.08.2026 10:34 AM
On Monday, EUR/USD reached a new high for August, advancing to the 200-day EMA and 100-day SMA resistance levels. The pair appears poised for further gains amid broad-based weakness in the U.S. dollar.The U.S. Dollar Index (DXY), which tracks the dollar’s performance against a basket of major currencies, continues to decline after reaching last year’s high. The drop comes as falling oil prices prompt investors to reassess their expectations for further monetary policy tightening by the Federal Reserve. U.S. President
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