Attached is a 30-day chart of the March Euro Currency Futures.
As said on Thursday, I have a bullish bias in full. The
upside objective is 135.40....a settle below 133.90 will return
to neutral. The fundamental argument includes decent numbers
from Germany and a higher than expected repayment of LTRO money.
There also appears to be a exodus from the safety of US Treasuries. Although this could be fueled by several
factors there is potential for the market to interpret as a clear
"risk on" signal putting a tailwind into the Euro trade.