Euro ended last week on a slippery slope with the ECB Eur index ending below its key support, EURUSD ending below the 1.2860 key junction and EURJPY trading at an 11y low. French 10y OAT’s at dangerous levels, threatning to break and trigger a substantial rise in yield, EURSEK still offered, some support 8.79/81 but break lower now seems confirmed hence looking for 8.70, EURNOK might have to struggle a bit with its key support, USDKRW breaking its B-wave high pointint at likely also a break above the Dec peak, the battered HUF possible pausing (before continued weakness), Bunds higher,€stoxx50 lower, Oil sideways (but the weekly candle warns of higher prices going forward) and Gold back above its 233d ma band, a clearly positive event.
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