Forex Flash: EUR/USD near pivotal 1.3335 level – RBS

FXstreet.com (Barcelona) - According to William Moore, a Technical Markets Strategist at RBS, "We portend another poor short-term call in the EURUSD as the market fails to find support the 1.3300 level as we had expected previously. From the perspective of a currency pair that looked extremely bullish as of late, it suddenly looks like the next leg could be lower given the short-term reversal pattern in the hourlies."

Moreover, "recent trends suggest that 1.3335 is a pivotal level and subsequently a good place to tuck stops above or fade rallies towards targeting the 1.3150 level on a pullback." Moore recommends.