[cowpip]

There should be some pre-ECB / MPC positioning over the next day or two which should influence this cross pair (and eur/jpy), if it hasn't already happened. But generally, I wouldn't expect any serious breakout activity having stronger momentum until after the rate decisions come out. I'm therefore still happily playing the range. A good sign is the contracting range. Eur/jpy has a nice triangle formation on the daily charts that should be playable in the not-too-distant future.

Happy hunting, Torero!