Greece successfully raised 1.2 billion euros of 6 and 12-month T bills today, with an interest rate at below 5%. While we mentioned $1.3780-00 as the resistance point, EURUSD may be facing a lower obstacle at $1.3720, 23% of the decline from the $1.5130 high to the $1.3276 low. US earnings season kicks off this week, with the simultaneous release of US retail sales, industrial production, Philly Fed and housing starts. GBPUSD regains $1.54 after a bigger than expected decline in UK Feb trade deficit. Cable to attempt retesting the $1.5450s, but do keep close watch on the last weeks shootingstar candle, which may imply emerging bearishness later this week.
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