While CitiFX still believe in the big picture USD story, they note that significant levels have been giving way on the DXY and many USD crosses in recent days. Thus, while Citi still maintains a long-term positive outlook on USD, in the near-term Citi thinks that we may continue to see a further sell-off. In the following points, Citi highlights the key levels in EUR/USD and GBP/USD and how far the moves may go. "The long term price action on EURUSD remains very similar to the trends seen throughout the 1990’s...If the correction up were to be similar, we could see 1.1262–1.1290. In terms of time we could see this ... (full story)