Market positive mood seems not enough to push the EUR/USD beyond 1.3485 level: the pair saw a spiked to 1.3519 before allegedly concerns from ECB over Euro strength, pushed the pair back lower. Short squeeze find strong buying interest on a break above 1.3500, suggesting the pair is not yet ready to advance. In the hourly chart, indicators head lower in positive territory, while 20 SMA offers short term support around 13460, and despite the run higher, the pair was unable to open a candle above 1.3485, past year high and 38.2% retracement of the latest daily fall. Therefore, unless a clearer sign above the level, the ... (full story)