Asian markets are trading lower after the yen spiked overnight, joining a global selloff in equities and commodities. The German constitutional court ruling and industrial production in Europe are the main events for today. The German constitutional court will be discussing the legal foundations of the European Stability Mechanism and outright monetary transactions of the European Central bank.
Trade Idea
EUR/USD
Crucial resistance lies at 1.3330. A break above that level could lead price to 1.3410. Alternatively, a break below 1.3225 targets 1.3155.
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