The EUR slipped against most others.....>

EURO-DOLLAR: The EUR slipped against most others on Thursday, with EUR/USD

moving below $1.16 for the first time since mid-July. A woeful session for

Italian and Greek bonds led weakness in the single currency.

- EUR/USD's technical picture has diminished further after the lower bound of

the six week triangle formation was breached. Former triangle support at $1.1602

has now turned into resistance, and bulls will need to overcome this level by

the end of play to avoid significant chart damage, which would signal a

continuation of the major downtrend. The next downside target comes in at the

July 20 low ($1.1575), followed by the Jun 21 low ($1.1509). A break back above

$1.1602 would have bulls looking to the 38.2% retracement of the move from

$1.1746-$1.1625 ($1.1671), with the 50-DMA lingering just above.

- Regional PMIs from across the EZ provide the local points of interest to

participants on Friday.