Eur/Usd Spike

According to some traders from London, current spike on the EURUSD is caused mainly by the correlation between European Stocks and the pair.


 Investors willing to bet on EUR/USD should focus on performance of European equities
Positioning and order books light due to latest rally in EUR wiping out large part of USD longs
Bids seen at 1.1090/95 and 1.1040, offers at 1.1180 and 1.1200/20

Meanwhile the pair approaches 1,1165.