EURO PULLBACK remains isolated from other currencies as Greek/German yield spread jumps back to 427 bps, up more than 70-bps due to ongoing uncertainties over the agreed-upon 45 bln euro package. We long said there are serious questions about the efficacy of deploying those funds, including 8.5 euro billion from Germany. Euros failure to break above $1.3680 yesterday is giving way to a full-cent sell-off towards $1.3533. Subsequent target stands at $1.3480. OIL remains capped below 86.40 trend line resistance (extending from Apr 6 high).