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### POV: EURUSD PULLBACK TARGETS........>

EURO-DOLLAR
EURO-DOLLAR: ### POV: EURUSD PULLBACK TARGETS 1.2205 BEFORE UPTREND TO RESUME
- EURUSD Bearish reversal from the 1.2555 high opens way for near-term
corrective activity to 1.2205 or even 1.2173 (38.2% retracement from 1.1554)
before the uptrend is resumed.
- The USD is undergoing a broader recovery as US yields continue to push higher.
USD is the best performing currency so far today among the majors.
- US positive data surprises are running at their strongest level since 2011.
- However, EUR has had its strongest start to the year ever, while global equity
markets are regaining stability, implying a risk supportive environment.
-RISK FACTORS: FOMC and ECB minutes are released this week. Focus on the FOMC is
expected to be around inflation language and context to the added word "further"
in further gradual increases.

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