It was a sideways day in the FX markets yesterday and more of the same is expected for today with France, Canada and U.S. on holidays. Chinese data, UK jobs report and ECB president Draghi's speech may liven things up a bit, particularly in case of a bigger deviation from consensus.

Euro, which was relatively vivid, broke below 1.07, trading to as low as 1.0675, before it pulled back. Long term trendline comes in near 1.0650 and, if it goes, April (~1.0520) and March (~1.0460) lows will come into focus. Broken July low (~1.08) is where the sellers may be lined up.

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