Of all the mea culpas by the sellside penguin crew, the one post ECB mortem we were expecting above all, was that of Goldman FX strategist Robin Brooks who infamous, perhaps legendarily, opined just yesterday that “it remains the case that downside skew in EUR/$ is modest compared to the run-up to the Jan. 22 meeting. In short, we think risk-reward to short EUR/$ into tomorrow’s meeting remains compelling and we anticipate a 2-3 big figure drop on the day.”