Citi summarizes its bias on EUR/USD in the near-term.
"EURUSD in the short-term is noisy. Ahead, risks remain titled to the downside. We highlight a dovish Fed, the value rotation in equity space, and benign developments on the political and fiscal fronts will support EUR, while being a laggard in global rise in yields, slow vaccination progress, and new lockdown measures point to EUR weakness," Citi notes.
"Ahead, this week, we watch the EU Summit on Thursday & Friday where vaccine export restrictions are likely to be front-and-centre." Citi adds.