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Euro-Asia crosses are looking increasingly.....>

EURO
EURO: Euro-Asia crosses are looking increasingly bearish with the exception of
EURCNH. 
- EURJPY trades at 130.00, threatening to break back into its broader downtrend.
A break below 129.20, which marks the 50DMA and the uptrend form the May low,
would likely trigger further selling. Real yield differentials remain strongly
in yen's favour, supporting such a move. 
- EURKRW has broken its steep uptrend and trades at its daily low of 1317. The
July 18 low of 1312 is the next hurdle for the bears to overcome to mount a
reversal. Based on historical correlations with real yield spreads, the pair
should be trading significantly lower.
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