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Euro tests 1.22
There will caution ahead of the US trade deficit data on Wednesday. The markets will not want to give up on the bullish dollar sentiment, especially with yield support intact, but the Euro rally over the past 24 hours will inevitably force some reconsideration of the underlying position. The most likely outcome is that the dollar will find further short-term support close to the 1.22 level against the Euro. Analysis supplied by