Core Viewpoint - Citigroup analysts have exited their long position on the euro against the dollar at a stop-loss of 1.1540, resulting in a loss of 1.3% including interest, attributing the recent euro pullback to position squeeze following the EU trade agreement announcement, which they describe as a "buy the rumor, sell the news" scenario [1] Group 1 - Analysts Daniel Tobon, Osamu Takashima, and Brian Levine established the position at 1.1680 on July 11, with a target price of 1.20 [1] - The analysts believe that if the dollar continues to weaken in the third quarter, it is more likely to be driven by soft U.S. labor market data [1] - Despite the forced exit from the position, the analysts are looking to rebuild their short dollar position before the U.S. employment data is released on Friday, potentially against the euro or Swiss franc [1]