Judging from flows, investors should consider selling the EUR anyway, advises CitiFX.
"Turnover is running over twice the recent average, with real money and leveraged names leading a 52% bias to the downside," Citi notes.
"A push through support in the 1.1275/70 area (overnight and Monday low) could attract more selling attention. Below that, we monitor 1.1223 (January 27 low) and the 2015 low at 1.1098," Citi projects.
