Forex Flash: EUR/USD stalls around 1.3400 region – RBS

FXstreet.com (Barcelona) - According to Technical Markets Strategist William Moore at RBS, "The EURUSD failed again around the 1.3400 level and now is in danger of running out of topside momentum, as there is also a pattern insinuating that a break bellow the 1.3260 level could see the market accelerate downwards to the 1.3131 region."

For now, "in the short-term at least continuing to fade rallies towards the 1.3400 level with a tight stop above the highs at 1.3430. Should that be triggered and the market push higher then 1.3485 is the key upside level in focus." Moore suggests.