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EURUSD could move to the downside: Hardy
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John Hardy, head of FX strategy at Saxo Bank, explains why he thinks that although EURUSD has rallied, a return to the levels of 1.10 is possible.
He says he is balancing the ongoing theme of central bank policy divergence with Fed hawkishness and euro weakness.
Hardy says that he would like to take any profit ahead of certain upcoming US data reports, in particular the US employment report which is due to be published on June 3.