In its weekly note to clients, Citi looked at the long term chart of EUR/USD and GBP/USD, and identified the many similarities between today with the 1990’s. Here are some of these key similarities as outlined by Citi along with its takes on the trends and levels to watch near-term across the two pairs. . Last cycle: EURUSD rallied for 7 years – This cycle: EURUSD rallied for 7 years Last cycle: GBPUSD collapsed from above 2.00 before the broader ERM crisis in Europe – This cycle: GBPUSD collapsed from above 2.00 before the broader European Bond Market crisis Last cycle: EURUSD rallied 16.5% within the downtrend ... (full story)