The rather dull trading sessions as of late within fairly tight ranges didn’t deliver any fresh insights, so that prevailing trends as well as displayed ranges remain intact, notes JP Morgan. "That said patience is a virtue once again during this hot summer break, which doesn’t leave us much of a choice than to wait for range breakouts to finally create some momentum,"JPM adds. In this context, JPM thinks that EUR/USD is close to break below 1.0885/70 (minor 76.4 %/pivot) which should trigger another sell-off. "The latest failure to clear key-resistance at 1.1099/1.1120 (daily trend/minor 76.4 %) leaves the ... (full story)