EUR/USD recent slippage below 1.3775 has increased the possibility that a medium-term cycle has completed on the virtual test of 1.4000 and his does not necessarily mean a collapse, but more likely a corrective pullback over coming months, notes Australia and New Zealnad Banking Group (ANZ). "As noted, the expected profile is one of corrective pullbacks and so it is highly likely that there will be periods of sharp squeezes to threaten - but fail - to regain the recent uptrend," ANZ argues. "The risk of a near-term squeeze seems relatively high. A close back above 1.3665, confirmed above 1.3730, could even see a ... (full story)