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EUR/USD Needs Sustained Move Above 1.17 for Upside Momentum

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EUR USD
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The EUR/USD pair needs to stay above 1.17 for any upside momentum to return, according to FXStreet's analysis.

The Dollar Index has dropped below 99 and is expected to remain bearish if it stays below 99.40, with a possible target of 98.50.

The US Treasury Yields have fallen sharply due to the decline in crude oil prices, but there are supports in place to limit the downside and maintain the broader uptrend.

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