In its mid-year outlook report to clients, CitiFX Technicals retained its broad based bullish USD view particularly when it comes to the USD Index and EUR/USD. "The USD-Index cycle has been closely tied to the housing/banking crises and recessions (1973-1975;1989-1991 and 2006-2008). From an FX perspective we are more focused on the period 1989-1991 onwards," Citi adds. "We continue to expected a renewed uptrend here into 2016 that could see the DXY back over 100," Citi projects. In EUR/USD, Citi argues that the top appears to be in expecting a renewed downtrend in H2, 2014 and beyond. In EUR/USD long-term charts, ... (full story)