Biggest rally of EUR/USD in 2.5 weeks

US jobless claims were better than expected but leading indicators came
out worse than expected. USD/CHF broke below 1.2600, the first time in
more than a week ago on the back of waning USD bullishness.
On the other hand, EUR/USD finally broke free of the chains that bind
it down to low volatility. With a burst of strength, EUR/USD charged
through 1.2580 with little resistance, and went on its brave attempt to
reconquer 1.2600 from USD/CHF. As mentioned yesterday, EUR/USD has been
trapped in a narrow price corridor, and was just waiting to break out
("sometime it will break out of its current range, and is just biding
its time now"). The pair indeed broke out of range...