Citi maintains a bearish bias on EUR against safe havens (i.e JPY, CHF), and likes downside in EUR/USD below 1.0730.
"Commenting on the latest in the Eurozone, CitiFX Strategy highlights that the pro-European establishment is coming out in force to defend the ECB and ECJ. Near-term Eurozone risks remain contained, even if the German court ruling reinforces major medium-term risks for the Eurozone and some question marks around the 3-month Court deadline," Citi notes.
"Yet we remain bearish EUR vs G10 safe havens. Our Asia trader says things will get interesting below 1.0730," Citi adds.