Today marks the 51st consecutive trading day in which EURUSD has traded (on an intraday basis) on either 1.13 or 1.14 handle, highlighting the extent of the range we have been in over the past 2+ months. The direction of the break is unknown but history suggests it may come soon and you should not fight the trend according to Citi (really?!). Break-outs often come on ECB meeting days...

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