y rate spreads would justify a weaker EUR/U=D in 1H17. (Chart 19-21) 4. Technical trend models recently broke down confirming t=e breakdown in the CEEREU, such as the EUR advance decline line of G9 curre=cies. (Chart 3, panel 1 and 3) EFTA_R1_01385298 EFTA02376179 5. Spot EUR/USD formed a bearish