 The downside breakout in EUR/USD is finally here as markets focus turns to meetings of RBA, BoC and ECB. Dollar is rising broadly, and risk-off sentiment takes Yen and Swiss Franc higher too. Euro is starting to reverse some of last week's gain while Sterling is staying weak. Commodity currencies are currently mixed for now. Technically, as Euro turns weak broadly, some attention will be on 0.9696 minor support in EUR/CHF. Break there will argue that corrective rebound from 0.9550 has completed at 0.9864. Larger down trend might be ready to resume through 0.9550 low in this case. If that happens, Euro could be dragged down further in other crosses. In Asia, at the time of writing, Nikkei is up 0.03%. Hong Kong HSI is down -1.28%. China Shanghai SSE is up 0.10%. Singapore Strait Times is up 0.25%. Japan 10-year JGB yield is down -0.007 at 0.236. | 
