13 Nov 2013
EUR/USD jumps to 1.3450; talks of stops around 1.3460
FXstreet.com (San Francisco) - The EUR/USD jumped around 30 pips in the latest few minutes from 1.3420 to trade close to 1.3450 fueled by a mutual fund buying real money in EUR/JPY.
As Forexlive.com analyst Ryan Littlestone commented in a recent piece of news: "Real money names seen in EUR/JPY, and to a lesser extent in EUR/AUD and EUR/GBP, push EUR/USD up towards the overnight highs of 1.3450."
In the same line, Jamie Coleman from FXBeats points: "talk of offers still layered between 1.3450 and 60; stops above 1.3460 now."
Currently, the EUR/USD is pricing at 1.3450, 0.12% positive on the day. The short term perspective remains slightly bearish, however, according to the FXstreet.com trend index in the 1-hour chart. Indicators are mixed as Momentum is bearish but CCI is bullish and stochastic and MACD are neutral.
EUR/USD technicals:
Above 1.3450, the EUR/USD would face resistances at 1.3470, 1.3525 and 1.3545. On the downside, supports are at 1.3405, 1.3360 and 1.3315.
As Forexlive.com analyst Ryan Littlestone commented in a recent piece of news: "Real money names seen in EUR/JPY, and to a lesser extent in EUR/AUD and EUR/GBP, push EUR/USD up towards the overnight highs of 1.3450."
In the same line, Jamie Coleman from FXBeats points: "talk of offers still layered between 1.3450 and 60; stops above 1.3460 now."
Currently, the EUR/USD is pricing at 1.3450, 0.12% positive on the day. The short term perspective remains slightly bearish, however, according to the FXstreet.com trend index in the 1-hour chart. Indicators are mixed as Momentum is bearish but CCI is bullish and stochastic and MACD are neutral.
EUR/USD technicals:
Above 1.3450, the EUR/USD would face resistances at 1.3470, 1.3525 and 1.3545. On the downside, supports are at 1.3405, 1.3360 and 1.3315.