Remarks from Citi technical strategists on the euro, on the move last week 'to new trend lows; after the ECB meetin
Which broke down through the 'consolidation range' of trading on a 1.13 or 1.14 big figure for 81 consecutive trading days
- The break lower, though, has failed to sustain
- And now, its back decisively the previous are of support at 1.1216-1.1234
- 'now looks like it was in fact a false break, thereby leading us to step back'
Citi no longer short EUR/USD
