The EUR continues to be pared back, and now through significant technical and psychological levels (new yearly lows below €1.3473). The much talked about €1.3400 (€1B vanilla) option barrier test seems inevitable, especially on fresh momentum. The creeping rise of short U.S. yields is supporting the USD somewhat, however, the EUR bear must first wait out some corporate or option hedging. Combined with some short-EUR cross covering heading into the weekend is making the EUR's timeline for demise lengthen. What to expect next week Investors have a plethora of data to chew on next week with the highlight being the ... (full story)