The mood in early Asian trade will be a lot more bearish than yesterday and it is news out of Spain which has been mainly responsible for the shift. Important levels to watch out for in the EUR pairs are:
- EUR/USD: 1.2290, stop-loss sell orders below
- EUR/AUD: 1.4870, overnight low and technical support
- EUR/JPY: 110.85, possible right shoulder of an inverted H&S
