The euro's strength against Asian FX..........>

FOREX: The euro's strength against Asian FX appears to be losing steam after a

solid run. 

- EURCNH is struggling to overcome resistance at its March highs, with momentum

deteriorating and key uptrend support coming in at 7.8200. A break of 7.8690

would be needed to take the pair into a higher trading range. The pair currently

trades at 7.8310.

- EURKRW is showing a similar trend, falling hard after failing to close above

1320 yesterday to trade at 1315. The uptrend remains intact but a break of

support at 1310 would mark a potential reversal. Real yield differentials

between the two countries have not supported the euro's rally since early June. 

- EURJPY is also struggling despite continued gains in USDJPY, with the pair

being rejected at 132.00 yesterday which coincides with the 200DMA. A break of

131.40 from the current level of 131.57 would portend a reversal of the steep

uptrend seen in July, and would be in line with trends seen in real yields

between the two countries.