EUR/USD has broken out of the range! It had been side trading in this range for over 2 years but is now in greener pastures after making a 2 and a half year high on Friday. This is a significant technical indication that the Euro will start to appreciate over coming months. Aggressive monetary policy has left the value of the Euro suppressed like a spring held down but the market is now anticipating an end to QE and ZIRP.