The long term EUR/USD chart shows the similarities with that seen in the last USD cycle throughout the 1990’s, notes CitiFX Technicals. "Both rallies were similar in length as were the background economic dynamics (housing boom and subsequent bust in the US in the early 1990’s and again in 2006-2007. The highs came in 1992 and 2008 and the major developments that followed three years after each of those highs was a currency crisis in Europe – ERM crisis in 1995 and the Sovereign debt markets crisis in 2011," Citi clarifies. "Within the bear market that came after 1995 we can see there was a decent correction up ... (full story)