The break below 1.34 is looking like a critical event for the EUR/USD and further losses look highly likely. If EUR/JPY turns bearish anytime soon then that might well be the catalyst for the next big downmove in the EUR/USD. EUR/CHF is consolidating below 1.4300 and rallies there must be viewed as selling opportunities in the current environment. Cable also looks fairly sad and a clean break below the previous 1.4780 low will likely usher in fresh waves of selling.
Good luck today and TGIF.
