 Euro falls broadly today on expectation that EU is going to impose another round of sanctions against Russian following war crimes in Ukraine. Additionally, investor confidence data indicates the war in Ukraine is pushing Eurozone into recession. Sterling and Swiss Franc are broadly weak too. Commodity currencies are currently the stronger ones while Dollar and Yen are mixed. Technically, EUR/CHF's breach of 1.0814 minor support argues that rebound from 0.9970 has completed already. Rejection by 38.2% retracement of 1.1149 to 0.9970 at 1.0420, and 55 day EMA keeps medium term outlook bearish. Retest of 0.9970 would be seen next. At the same time, attention will be on whether EUR/USD and EUR/GBP would break through 1.0943 and 0.8294 support levels to revive near term bearishness. In Europe, at the time of writing, FTSE is up 0.06%. DAX is down -0.12%. CAC is up 0.03%. Germany 10-year yield is down sharply b y -0.072 at 0.484. Earlier in Asia, Nikkei rose 0.25%. Hong Kong HSI rose 2.10%. China was on holiday. Singapore Strait Times dropped -0.06%. Japan 10-year JGB yield rose 0.0004 to 0.217. | 
