Paul’s EUR/USD long has gone into a hot fryer, along with Paul himself. Citi’s EUR long has apparently gone the same way, indicative of the market having second thoughts as it was unable to overcome recent 1.4160 and 1.00 highs (AUD).

1.3900/10 is first support on dips with more down at 1.3860/65, where we have an hourly bottom and the 21-day moving average…