EUR/USD has been in a broad 1.2665/1.29 range since early Friday morning. The base of that range is coming back into view as 1.2700 is penetrated. US equities are waffling around break even, oil is down $2 and emerging markets are up modestly. With velocity dying down across the asset classes, trading against the range base at 1.2665 looks potentially productive; market conditions seem to be normalizing, though they have a ways to go yet.
