USD appears to be topping, go long EUR/USD – Citibank

The Citigroup technical analysts recommend going long on the EUR/USD pair in the near-term,

Key Quotes:

“G-10 currencies facing a perfect storm.

Note EU/US volatility is very low, at levels seen in 2007 and 2014 prior to sharp moves higher for EUR/USD as vol bounced back.

The Euro is about to move higher.

USD appears to be topping.”