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EUR/USD gains short lived, spike sold as bears lurk

Monday, April 13, 2015 1:11 PM UTC

Source: Thomson Reuters

EUR/USD up near 1.0570 as USD sold-off on JPY strength
Gains short lived spike sold, USD recovers, specs sell, more sellers 1.0580/00 lurk
RSIs biased down & spreads widen a bit raising downside risks, 10-DMA cross below 21-DMA also supports
Talk of 1.05 barriers, if cleared 2015 low next support, stops below there
Jan '03 low next support below-1.0450/60

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EUR/USD gains short lived, spike sold as bears lurk

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