FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Despite the survey data remain constructive; the real financial conditions in euro area are showing some downward risks to the economic activity.
The Fed's tightening policy, less extreme positioning and some central bank reserve liquidation are together may drive down the EUR/USD pair to new cycle lows, argues RBC Capital Markets.
There is a long time for inflationary pressures start to show which should keep EUR/USD cyclically weak as a slow pace of recovery in the economy is seen.
