• EUR/USD 1.1235-1.1199 EBS range on Monday

• Upside capped by 21-DMA in past week which is 1.1234 and falling

• German Oct IFO due 9GMT seen 90.0 from 89.9, expectations 90.0 from 90.4

• Oil remains elevated at $115 pb weighing EUR/USD

• Traders large $19 billion bet on euro dropping continues to underpin

• Break beyond 2026 low at 1.1113 or Oct 16 peak at 1.1270 to excite

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)