RBC looks for euro weakness
The ECB is running out of bonds to buy with so much of the bond universe yielding less than zero.
At the start of the month, a Reuters report said the ECB wasn't considering abandoning its capital key and that the hurdle for a move was high, however RBC says it's only a matter of time.
The say "the medium-term upkeep and efficacy of the program" is in question because the central bank can't buy bunds.
A trigger would be a weak set of Eurozone PMIs, which are due Friday.
Here is a video from Friday on the technical outlook for the euro.
