• EUR/USD rises to 1.0525 EBS on Wednesday

• High is just short Jan's peak at 1.0535

• The halfway point of Nov-Jan drop (1.0937-1.0177) is 1.0531

• The 100-DMA which capped EUR/USD ahead Nov-Jan fall is 1.0528

• Closes above 100-DMA may spur rise to next correction target at 1.0627

• Following Wed's high EUR/USD has dropped below 1.0500

• Current situation implies another significant peak - start new down leg

• U.S. dollar much safer than it was

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EURUSD

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