The EURUSD forex pair is among the hottest and traded pairs within the international forex market. Its charge displays shifts in financial circumstances throughout the US and the Eurozone. The pair’s fluctuations are delicate to the Fed and the ECB, the inflation charge, and international occasions.
This text delves into EURUSD forecasts for 2025 and past, assessing market sentiment and contemplating technical and elementary components. Learn this materials to get a definitive reply to the primary query: Is it price investing on this forex pair now?
The article covers the next topics:
Main Takeaways
The present value of the EURUSD pair is $1.15687 as of 31.10.2025.The EURUSD pair reached its all-time excessive of $1.6039 on 15.07.2008. The pair’s all-time low of $0.8227 was recorded on 26.10.2000.The EURUSD forex pair displays the ratio of the euro to the US greenback.The euro is the world’s second most valued reserve forex following the US greenback.The EURUSD pair is essentially the most liquid buying and selling instrument in Forex.The pair’s trajectory will depend on the selections of the ECB and Consumed rates of interest, inflation, GDP progress, and different macroeconomic indicators.The asset’s volatility will increase throughout financial information publications and geopolitical occasions.The pair is actively traded within the European and American periods.It’s well-liked each in short-term speculative buying and selling and in hedging forex dangers.It reveals excessive publicity to forecasting beneath secure market circumstances.It usually exhibits a optimistic correlation with the GBPUSD pair and a adverse correlation with the USDCHF pair.It usually serves as a barometer of world financial sentiment and the financial coverage of the world’s largest economies.EURUSD: Technical evaluation suggests the euro stays in a medium-term uptrend.
EURUSD Actual-Time Market Standing
The EURUSD forex pair is buying and selling at $1.15687 as of 31.10.2025.
When analyzing the EURUSD pair, it’s important to think about the ECB and Fed choices concerning rates of interest, inflation, and employment within the US and the eurozone. These indicators form the pair’s trajectory. Historic extremes can reveal vital technical ranges, whereas technical evaluation may help decide optimum entry and exit factors.
Indicator
Worth
ECB rate of interest
2.15%
Fed rate of interest
4.00%
EU inflation
2.2%
US inflation
3.0%
All-time excessive
$1.6039
All-time low
$0.8227
52-Week Vary
$1.0146–$1.1919
Change over 12 months
8.03%
Present pattern
Bullish
Euro/Greenback Weekly Worth Forecast as of 27.10.2025
The euro is sustaining its medium-term uptrend. Final week, the value declined in a correction after reaching the primary bullish goal close to 1.1727. If the correction continues this week, the value will seemingly check the important thing assist 1.1570–1.1536 once more. On this case, lengthy trades may be thought-about with the primary goal at 1.1727 and the second at 1.1918.
Nevertheless, if the asset breaks beneath the assist (B) 1.1570–1.1536, the uptrend will reverse. If that’s the case, take into account brief trades with a goal within the 1.1454–1.1431 vary.
EURUSD Buying and selling Concepts for the Week:
Maintain up lengthy trades opened at assist (B) 1.1570–1.1536. TakeProfit: 1.1918. StopLoss: on the breakeven.
Technical evaluation primarily based on margin zones methodology is introduced by an impartial analyst, Alex Rodionov.
EURUSD Worth Forecast for 2025–2026 Primarily based on Technical Evaluation
Let’s conduct a technical evaluation of the EURUSD forex pair utilizing a weekly chart to foretell its medium- and long-term trajectory.
Since mid-September 2025, the EURUSD forex pair has been declining inside a consolidation channel between 1.1811 and 1.1547. The worth is at the moment holding at 1.1663. Technical indicators and candlestick patterns counsel that the asset could begin to develop within the close to future:
A big Ascending Triangle sample (1) has fashioned on the weekly chart. The worth is predicted to interrupt above this sample at 1.1811 and climb to 1.2256. A Hammer candlestick sample (2) has emerged throughout the Triangle close to the important thing assist stage at 1.1547, signaling a possible bullish reversal.MACD is transferring sideways within the adverse zone, indicating an absence of a robust pattern and highlighting an accumulation section forward of an imminent reversal.RSI values are additionally impartial, holding regular at 56, suggesting the asset could both develop or fall.The MFI is transferring sideways, not giving any clear purchase or promote alerts, and indicating no vital influx or outflow of capital.The VWAP indicator and the SMA20 are close to the market value, suggesting a brief steadiness between bulls and bears.
The desk beneath exhibits the projected EURUSD values for the subsequent 12 months.
Month
Minimal, $
Most, $
November 2025
1.1568
1.1794
December 2025
1.1669
1.1984
January 2026
1.1788
1.2055
February 2026
1.1776
1.2228
March 2026
1.2026
1.2311
April 2026
1.1978
1.2365
Might 2026
1.2287
1.2602
June 2026
1.2228
1.2555
July 2026
1.2483
1.2799
August 2026
1.2555
1.2864
September 2026
1.2519
1.2864
October 2026
1.2638
1.2953
Lengthy-Time period Buying and selling Plan for EURUSD for 2025
The technical evaluation carried out has revealed key assist and resistance ranges that may be utilized to create a buying and selling technique for the approaching 12 months.
Buying and selling Plan for the Yr
The EURUSD pair is predicted to rise within the close to future.Key assist ranges: 1.1547, 1.1287, 1.1011, 1.0727, 1.0463, 1.0203, 0.9943, and 0.9659.Key resistance ranges: 1.1811, 1.2017, 1.2256, 1.2552, and 1.2828.Base long-term state of affairs: Open lengthy trades above the important thing resistance of 1.1811 with potential targets within the 1.2017–1.2828 vary.Different long-term state of affairs: Open brief trades beneath the important thing assist of 1.1547 with potential targets close to 1.1287–0.9659.
Analysts’ EURUSD Worth Projections for 2025
Specialists predict that the EURUSD will face heightened volatility on the finish of 2025 amid geopolitical developments and central financial institution coverage choices. Though forecasts differ, a lot will depend on how the market reacts to rising inflation and rate of interest adjustments.
LongForecast
Worth vary in 2025: $1.1310–$1.1890 (as of 29.10.2025).
In accordance with LongForecast, the common EURUSD charge will attain $1.1620 by early November. On the finish of the 12 months, the pair is predicted to remain throughout the vary of $1.1310–$1.1890, closing at $1.1650 in December.
Month
Open, $
Min–Max, $
Shut, $
November
1.1620
1.1310–1.1890
1.1610
December
1.1610
1.1480–1.1820
1.1650
Gov Capital
Worth vary in 2025: $1.0520–$1.2935 (as of 29.10.2025).
Gov Capital predicts that the common EURUSD charge will fluctuate inside a variety of $1.0520–$1.2935 in the course of the subsequent two months. The asset is predicted to commerce in a bullish pattern, reaching $1.1759 by year-end.
Month
Minimal, $
Common, $
Most, $
November
1.1689
1.0520
1.2858
December
1.1759
1.0583
1.2935
CoinCodex
Worth vary in 2025: $1.1500–$1.1800 (as of 29.10.2025).
CoinCodex suggests the common EURUSD charge could hit $1.1600 in early November. Specialists consider the pair will swing between $1.1500 and $1.1800 over the subsequent two months, closing at $1.1700 in December.
Month
Minimal, $
Common, $
Most, $
November
1.1500
1.1600
1.1700
December
1.1600
1.1700
1.1800
Analysts’ EURUSD Worth Projections for 2026
Analysts forecast that the EURUSD pair will enhance reasonably in 2026, bolstered by the Eurozone’s financial restoration. The asset could attain new swing highs, assuming the macroeconomic backdrop stays secure. Commerce offers and political developments might be key drivers.
Notice: The worth ranges replicate the asset’s anticipated volatility all year long. Lows and highs might not be proven within the abstract tables.
LongForecast
Worth vary in 2026: $1.1410–$1.2890 (as of 29.10.2025).
LongForecast predicts a mean of $1.1650 for the EURUSD pair in the beginning of 2026. The asset could climb to $1.2670 by mid-year after which reverse, falling to $1.1900 by year-end.
Quarter
Open, $
Min–Max, $
Shut, $
I
1.1650
1.1410–1.2120
1.1930
II
1.1930
1.1760–1.2860
1.2670
III
1.2670
1.2240–1.2890
1.2430
IV
1.2430
1.1630–1.2430
1.1900
WalletInvestor
Worth vary in 2026: $1.1520–$1.1820 (as of 29.10.2025).
WalletInvestor anticipates restricted motion within the change charge throughout 2026. The euro value is predicted to face at $1.1600 at first of the 12 months, enhance to $1.1720 by mid-year, and stabilize at $1.1700 by year-end.
Quarter
Open, $
Shut, $
Minimal, $
Most, $
I
1.1600
1.1650
1.1520
1.1650
II
1.1650
1.1720
1.1640
1.1730
III
1.1730
1.1790
1.1730
1.1820
IV
1.1790
1.1700
1.1620
1.1790
CoinCodex
Worth vary in 2026: $1.1400–$1.2200 (as of 29.10.2025).
In accordance with CoinCodex, the common euro value will commerce round $1.1800 within the first half of 2026, transferring throughout the vary of $1.1400–$1.2100. The worth is predicted to stabilize in Q3, closing at 1.2000 by the tip of September. In This fall, the asset could drop to 1.1700 in a correction.
Quarter
Minimal, $
Common, $
Most, $
I
1.1400
1.1800
1.1900
II
1.1400
1.1800
1.2100
III
1.1700
1.2000
1.2200
IV
1.1400
1.1700
1.2000
Analysts’ EURUSD Worth Projections for 2027
In 2027, the EURUSD is predicted to commerce in a stronger uptrend, buoyed by expectations of additional financial progress in Europe and decrease inflation. Dangers embody a attainable US recession and heightened geopolitical tensions.
LongForecast
Worth vary in 2027: $1.1760–$1.2660 (as of 29.10.2025).
In accordance with LongForecast, the EURUSD pair is predicted to stabilize between $1.1900 and $1.2430 in early 2027. It’s projected to rise to $1.2190 by mid-year however then reverse downward. In Q3, the change charge could decline to $1.2100, in the end settling at $1.2160 by year-end.
Quarter
Open, $
Min–Max, $
Shut, $
I
1.1900
1.1900–1.2430
1.2130
II
1.2130
1.2010–1.2530
1.2190
III
1.2190
1.1760–1.2360
1.2100
IV
1.2100
1.1980–1.2660
1.2160
WalletInvestor
Worth vary in 2027: $1.1620–$1.1920 (as of 29.10.2025).
WalletInvestor suggests the euro value will hover round $1.1690 at first of 2027 after which rally to $1.1820 by the tip of June. The asset is predicted to commerce sideways within the second half of the 12 months, closing at $1.1800 in December.
Quarter
Open, $
Shut, $
Minimal, $
Most, $
I
1.1690
1.1750
1.1620
1.1750
II
1.1750
1.1820
1.1740
1.1830
III
1.1820
1.1890
1.1820
1.1920
IV
1.1880
1.1800
1.1720
1.1890
CoinCodex
Worth vary in 2027: $1.1600–$1.2400 (as of 29.10.2025).
Primarily based on CoinCodex, the EURUSD forex pair could stabilize at $1.2000 in early 2027. The common euro value is predicted to understand to $1.2100 by mid-year, then reverse and plummet to $1.1300 by year-end.
Quarter
Minimal, $
Common, $
Most, $
I
1.1600
1.2000
1.2200
II
1.1800
1.2100
1.2400
III
1.1800
1.2100
1.2200
IV
1.1200
1.1300
1.2100
Analysts’ EURUSD Worth Projections for 2028
Specialists forecast that the EURUSD change charge will stabilize in 2028, pushed by the anticipated alignment of the Fed’s and the European Central Financial institution’s financial insurance policies. Inflation, rates of interest, and geopolitical stability will stay the important thing components figuring out the value.
LongForecast
Worth vary in 2028: $1.1790–$1.3350 (as of 29.10.2025).
LongForecast foresees a blended trajectory for the buying and selling instrument in 2028. The euro value is predicted to face at $1.2160 at first of the 12 months, rising to $1.2460 by mid-year. Within the second half of the 12 months, the asset could transfer in numerous instructions, closing at $1.2820.
Quarter
Open, $
Min–Max, $
Shut, $
I
1.2160
1.1810–1.2530
1.2340
II
1.2340
1.1790–1.2650
1.2460
III
1.2460
1.1960–1.2850
1.2660
IV
1.2660
1.2630–1.3350
1.2820
WalletInvestor
Worth vary in 2028: $1.1720–$1.2020 (as of 29.10.2025).
In accordance with WalletInvestor, the EURUSD pair is prone to commerce erratically in 2028, beginning the 12 months close to $1.1800, climbing to $1.1920 by mid-year, and shutting round $1.1890.
Quarter
Open, $
Shut, $
Minimal, $
Most, $
I
1.1800
1.1850
1.1720
1.1850
II
1.1850
1.1920
1.1840
1.1930
III
1.1930
1.1990
1.1920
1.2020
IV
1.1980
1.1890
1.1810
1.1980
CoinCodex
Worth vary in 2028: $1.1200–$1.3000 (as of 29.10.2025).
CoinCodex offers optimistic forecasts for the EURUSD change charge in 2028. The pair is anticipated to commerce at $1.1500 at first of the 12 months, enhance to $1.2100 by mid-year, and soar to $1.2700 by the tip of December.
Quarter
Minimal, $
Common, $
Most, $
I
1.1200
1.1500
1.1700
II
1.1400
1.2100
1.2300
III
1.2200
1.2800
1.3000
IV
1.2400
1.2700
1.2900
Analysts’ EURUSD Worth Projections for 2029
The EURUSD is forecast to tumble in 2029 attributable to financial shifts within the US and a stronger greenback. Different analysts anticipate vital value fluctuations and advise watching the commerce steadiness and funding flows.
LongForecast
Worth vary in 2029: $1.1160–$1.2820 (as of 29.10.2025).
In accordance with LongForecast, the asset’s common value might be $1.2820 in early 2029. The EURUSD pair is predicted to lower all year long, reaching $1.1330 by the tip of November.
Quarter
Open, $
Min–Max, $
Shut, $
I
1.2820
1.1830–1.2820
1.2010
II
1.2010
1.1520–1.2410
1.1700
III
1.1700
1.1370–1.1870
1.1590
IV
1.1590
1.1160–1.1590
1.1330
WalletInvestor
Worth vary in 2029: $1.1820–$1.2110 (as of 29.10.2025).
WalletInvestor forecasts the common EURUSD charge will attain $1.1890 in early 2029, climbing to $1.2020 by mid-year. Within the second half of the 12 months, the forex pair is predicted to commerce sideways, stabilizing at $1.1990 by year-end.
Quarter
Open, $
Shut, $
Minimal, $
Most, $
I
1.1890
1.1950
1.1820
1.1950
II
1.1940
1.2020
1.1940
1.2030
III
1.2020
1.2080
1.2020
1.2110
IV
1.2080
1.1990
1.1910
1.2080
CoinCodex
Worth vary in 2029: $1.2100–$1.3500 (as of 29.10.2025).
CoinCodex provides pessimistic forecasts for the EURUSD efficiency in 2029. The common worth could attain $1.3300 at first of the 12 months, drop to $1.2600 by mid-year, and plunge to $1.2200 in December.
Quarter
Minimal, $
Common, $
Most, $
I
1.2800
1.3300
1.3500
II
1.2400
1.2600
1.3300
III
1.2200
1.2500
1.2700
IV
1.2100
1.2200
1.2500
Analysts’ EURUSD Worth Projections for 2030
Specialists consider that the EURUSD pair will proceed to say no in a correction in 2030. This forecast could also be attributed to the anticipated slowdown in financial progress in Europe and the larger enchantment of the US greenback as a safe-haven asset.
WalletInvestor
Worth vary in 2030: $1.1910–$1.2210 (as of 29.10.2025).
In accordance with WalletInvestor, the EURUSD pair is projected to rise steadily in 2030, buying and selling between $1.1910 and $1.2040 early within the 12 months and reaching $1.2120–$1.2210 by the tip of Q3. By late October, the pair is predicted to stabilize at $1.2160.
Quarter
Open, $
Shut, $
Minimal, $
Most, $
I
1.1980
1.2040
1.1910
1.2040
II
1.2040
1.2120
1.2030
1.2130
III
1.2120
1.2180
1.2120
1.2210
IV
1.2180
1.2160
1.2160
1.2180
CoinCodex
Worth vary in 2030: $1.1700–$1.2400 (as of 29.10.2025).
CoinCodex presents an ambiguous outlook concerning the EURUSD motion in 2030. The common charge is predicted to remain at $1.2200 in the course of the first half of the 12 months. Nevertheless, by year-end, the speed could settle at $1.2000.
Quarter
Minimal, $
Common, $
Most, $
I
1.2000
1.2200
1.2400
II
1.2000
1.2200
1.2300
III
1.1700
1.1800
1.2200
IV
1.1700
1.2000
1.2100
Gov Capital
Worth vary in 2030: $0.9619–$1.2315 (as of 29.10.2025).
Gov Capital suggests the EURUSD pair will commerce round $1.1170 in early 2030, dropping to $1.0846 by June. The bearish pattern is predicted to persist within the second half of the 12 months, pushing the speed decrease to $1.0731 in October.
Quarter
Minimal, $
Common, $
Most, $
I
0.9944
1.1170
1.2512
II
0.9657
1.0846
1.2315
III
0.9619
1.0789
1.1958
IV
0.9630
1.0731
1.1943
Analysts’ EURUSD Worth Projections till 2050
Predicting change charges 15–25 years forward is very difficult. Financial, political, and technological components can change considerably and are virtually unimaginable to foretell precisely. Inflation, unemployment, and financial progress charges are extraordinarily troublesome to mannequin over such a protracted horizon. As well as, future political crises, technological breakthroughs, and shifts within the geopolitical panorama can’t be foreseen, but they might have a profound influence on forex charges.
For instance, the emergence of recent reserve currencies, adjustments in international commerce constructions, or the introduction of essentially new monetary applied sciences may fully reshape Forex. Any small calculation error can result in vital discrepancies in forecasts.
Any value forecasts for 2040–2050 ought to due to this fact be handled with a excessive diploma of skepticism and seen merely as hypothetical situations.
EURUSD Market Sentiment on Social Media
Media sentiment represents the aggregated opinion of merchants and traders expressed throughout numerous social networks. Analyzing these alerts offers perception into broader market attitudes towards the EURUSD pair. Constructive posts could set off short-term progress, whereas adverse sentiment can result in a decline.
For instance, consumer @Ib_Forex01 posts on X (previously Twitter) that the EURUSD pair could fall from $1.1690 to a possible goal of $1.1542 quickly.
Unbiased dealer @Smart_lawrence1 predicts a value decline to $1.1600.
Consumer @B_trader_ additionally assumes the EURUSD charge could slide from $1.1680 to $1.1540.
The evaluation of posts on the X social community reveals that almost all merchants and traders are pessimistic in regards to the future efficiency of the EURUSD change charge.
EURUSD Worth Historical past
The EURUSD pair reached its all-time excessive of $1.6039 on 15.07.2008.
The bottom value of the EURUSD pair was recorded on 26.10.2000 and reached $0.8227.
To make our forecasts as correct as attainable, it’s essential to judge historic information. The chart beneath exhibits EURUSD’s efficiency during the last ten years.
Between 2002 and 2008, the pair was buying and selling inside an upward pattern, reaching 1.60 towards a weak US greenback and the strengthened EU financial system.Following 2008, the change charge started to slip. The eurozone’s monetary disaster led to an additional decline, reaching 1.20–1.25. Between 2014 and 2020, the euro confronted headwinds as a result of European Central Financial institution’s (ECB) low rates of interest and stimulus insurance policies.In 2020–2021, the EURUSD charge surged to 1.23, reacting to the Fed’s accommodating coverage and the post-pandemic restoration. In 2022, the pair slipped beneath parity amid aggressive charge hikes within the US and the EU monetary disaster.Since 2023, the EURUSD pair has stabilized throughout the 1.05–1.10 vary. In early 2025, the EURUSD pair traded round 1.01, displaying indicators of restoration. From late February to mid-April, the asset rallied to 1.15, underpinned by optimistic financial information from the Eurozone. From late April to mid-Might, the pair confronted a correction triggered by recession fears and fell to 1.10. Nevertheless, from late Might to late June, the euro continued to strengthen to 1.1829. From early July to late October, the EURUSD change charge consolidated inside a variety of 1.13–1.19.
EURUSD Worth Basic Evaluation
Basic evaluation offers the context mandatory to grasp what causes the EURUSD to maneuver in a single route or one other. In distinction to the technical strategy, elementary evaluation depends on financial and political information that replicate the precise state of the US and eurozone economies. These indicators affect market members’ expectations, shaping long-term traits for the EURUSD forex pair.
What Elements Have an effect on the EURUSD Pair?
The EUR/USD pair is delicate to the next key macroeconomic indicators:
Fed and ECB rates of interest.Inflation charges within the US and the eurozone.Gross home product (GDP) progress charges.Unemployment charges.Political stability and geopolitical components.Commerce steadiness.Speeches by central financial institution officers.Market expectations on financial coverage.US–EU bond yield unfold.International danger urge for food and demand for the US greenback as a safe-haven asset.
These components have the potential to strengthen or weaken the euro and the US greenback, resulting in short-term fluctuations or secure market traits.
Extra Information About EURUSD
The EURUSD pair is the world’s most traded buying and selling instrument on Foreign exchange, reflecting the ratio of the euro (the forex of the eurozone) to the US greenback. It attracts each speculative merchants and long-term traders.
This pair is characterised by excessive liquidity, slender spreads, and fast response to macroeconomic information. This pair is especially delicate to macroeconomic information, together with rates of interest, inflation, GDP, and employment information. The selections of the European Central Financial institution and the US Federal Reserve immediately influence the EURUSD charge.
In the meantime, the EURUSD pair is uncovered to international dangers. In occasions of uncertainty, the US greenback strengthens as a protecting asset, whereas in occasions of financial restoration, the euro can develop.
Analyzing this pair requires a multifaceted strategy, incorporating a elementary deal with financial indicators, technical evaluation to establish entry and exit factors, and ongoing monitoring of market sentiment. Such a complete strategy makes the EURUSD pair an important barometer of world monetary well being.
Benefits and Disadvantages of Investing in EURUSD
The EURUSD is essentially the most liquid forex pair in Forex, appropriate for short-term hypothesis and long-term funding. Nevertheless, like all instrument, it has its professionals and cons.
Benefits
Excessive liquidity and slender spreads.Round the clock buying and selling.Wide selection of analytical instruments and forecasts.Provided by many buying and selling platforms and brokers.The pair is effectively studied and predictable in a secure market.Excessive sensitivity to financial information, creating alternatives for buying and selling on information.
Disadvantages
Excessive volatility when macroeconomic information is launched.Dependence on central financial institution insurance policies and geopolitical components.Requires a deep understanding of macroeconomic components.Strongly influenced by exterior components, not all the time predictable.False alerts in case of elevated speculative exercise.Lack of a sustainable pattern in a flat market.
The EURUSD pair continues to be thought to be an interesting funding attributable to its readability and accessibility. Nevertheless, it’s important to train warning and all the time conduct thorough technical and elementary analyses.
How We Make Forecasts
Our forecasts are primarily based on a mixture of technical and elementary evaluation.
For brief-term forecasts for a number of days to per week, a technical evaluation is used. It includes learning value patterns, assist and resistance ranges, MACD, RSI, and transferring averages, in addition to analyzing value habits on totally different time frames.Medium-term forecasts for 1–3 months depend on macroeconomic indicators, rates of interest, inflation, and central financial institution choices.Lengthy-term forecasts extending over a interval of 6–24 months are knowledgeable by financial cycles, geopolitical components, and international market traits. The seasonal patterns, historic ranges, and the views of respected funding funds are integral to the refinement of those forecasts.
Such a complete strategy permits us to evaluate the present value motion and the longer term trajectory of the analyzed forex pair.
Conclusion: Is EURUSD a Good Funding?
Whether or not to spend money on the EURUSD will depend on your danger tolerance and funding targets. Within the brief time period, you’ll be able to probably earn good income from change charge fluctuations. Nevertheless, the dangers also needs to be thought-about.
For long-term funding, you must have in mind quite a few components that may have an effect on the EURUSD pair, together with financial progress, inflation, and the worldwide context. Specialists consider the pair is appropriate for many who want to diversify their portfolio. Nevertheless, earlier than making any choices, it’s important to investigate the market. Bear in mind that there’s all the time a danger of dropping cash, as forex buying and selling is unpredictable.
EURUSD Worth Prediction FAQs
Worth chart of EURUSD in actual time mode
The content material of this text displays the writer’s opinion and doesn’t essentially replicate the official place of LiteFinance dealer. The fabric printed on this web page is supplied for informational functions solely and shouldn’t be thought-about as the availability of funding recommendation for the needs of Directive 2014/65/EU.
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