I must say I still fail to see any signs that EUR/USD is about to emerge from its range-trading rut but the guys over at Cititechs are more confident, and they have initiated a bearish option strategy, buying EUR/USD puts in expectation of a bearish breakout. They see a solid bearish channel on the daily chart which is consolidating below 1.3300 and preparing for a big move lower.
Latest market vols suggest that the market is also becoming wary of a break-out from the current short-term range trading pattern, one way or the other.