• US court blocks most Trump tariffs, says president exceeded his authority

• EUR/USD drops 1.1295-1.1211 in reaction before recouping most losses

• Traders are betting over $10 billion that euro rises

• Court decision is reason to expect deeper correction of this year's rally

• Target for minor correction of 2025 rise is 1.1020

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EURUSD

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