Citi have decided to establish a........>

EURO-DOLLAR: Citi have decided to establish a short EUR/USD position at $1.1234,

with an initial target of $1.1100, and possibly lower towards $1.0864. Their

stop is set at $1.1340.

- Citi reason that "EUR/USD is no longer trading on the $1.13 or $1.14 handle

and the recent moves towards the end of last week are beginning to look like a

bearish break. The trendline across the lows on the chart below comes in just

above $1.1100 (and downward sloping) and a breach of that would likely open the

way for $1.0864 which is the 76.4% Fibonacci retracement of the whole rally from

the 2017 low."