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With Eur/Usd breaking its support.............>

FOREX
FOREX: With Eur/Usd breaking its support trend-line, Barclays note this presents
an opportunity to initiate a technical short Eur/Usd trade. Spot reference
$1.2265, target $1.1948, stop-loss at $1.2444, representing a reward to risk
profile around 1.8 to 1. Barclays add, this is also in line with our view that
we see limited scope for EUR appreciation in 2018. With the ECB's shift in
policy now fully accepted by markets, its gradual path to normalization is
unlikely to fuel gains for the single currency, which in our view is already
around fair value. While markets price in less than we expect from the ECB
through Q1, the undershoot relative to the differences in our expectations for
the Fed is small.

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