Citi says the euro against the US dollar may fall to the 1.0850 support level.

Citi Bank points out that the euro could pull back to the 1.0850 level against the US dollar. According to the institution's analysis, there are both bullish and bearish factors intertwined in the current foreign exchange market. If upcoming economic data from the Eurozone falls short of expectations, or if the Federal Reserve releases a hawkish monetary policy signal, it could further pressure the euro against the US dollar. The 1.0850 level is a potential support level to watch closely going forward.