• Risk aversion may support USD

• Big rise in price of natural gas to weigh EUR/USD

• Rise from June's low have stalled in overbought conditions

• Correction target for June's 1.1622-1.1325 drop has been met

• Downtrend from 1.2084 in Jan to 1.1325 in Jun may resume

• Size of net euro short is small, little influence

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EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)