Eurozone worries continues to make up the headlines. €/$ 1st close below the 233d ma band, BUNDS 1bp from breaking the 1.26% key resistance, Italian BTP’s making way higher, €stoxx600 Banks continues to decline etc etc… EURUSD bearish close below the 233d ma band sets focus next at 1.2661, the barrier to sub 1.20 levels, USDJPY downside pressure mounting, watch out below 93.45/53, EURGBP entering an important support zone, 0.8400/42, EURSEK the break of 8.3125 has paved the way for sub 8.2550 levels but allow for some further 8.32/37 congestion, EURNOK deeper than expected setback but still looking for an upside turn (Norway closed today), EURPLN mid body buying yday points north, US 10y NOTE in demand and BUNDS in strong demand, €STOXX seen lower and S&P500 sideways so the relative trade for stronger US vs. EZ is still on and still highly $ supportive, OIL in the latter stages of its corrective bounce
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