Euro tests 1.22

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There'll caution before the US trade deficit data on Wednesday. The markets won't wish to give up about the dollar sentiment that is bullish with yield support however, the Euro rally within the previous 24 hours will induce some reconsideration of the situation. The probable consequence is that the buck will probably discover additional short-term aid near the 1.22 degree against the Euro.

Analysis provided by http://www.fxtoday.co.uk