You’re going to have to read a bit further for the punchline. Our good friends at Citibank technicals have been comparing FX and money markets and they see some extraordinary coincidences between the events of recent days and the market initiating at the Jan 28th high. Without going into details, their conclusion is that there is a significant possibility of a dovish surprise from the ECB and that this could lead to a sharp fall in the EUR/USD over the next 24/48 hours.