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Citi have put out a trade idea to sell........>

FOREX
FOREX: Citi have put out a trade idea to sell EURUSD at $1.1568, target $1.1350,
stop loss at $1.1675. Citi add position paring opens door for more EUR selling
in response to political concerns. Short-term investors appear to have reduced
EUR shorts in recent days. According to the CitiFX Positioning Indicator, which
tracks observed positioning among the FX hedge funds on the CitiFX Access
platform, EUR shorts have been reduced sharply over the past several days,
bringing positioning to close to flat. A similar phenomenon can be observed for
a broader cross-section of the leveraged sector in our Global Flows data, which
points to EUR buying recently.

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