Flash: Small short bias, take profits 1.3280 - JPMorgan

FXstreet.com (Barcelona) - As JPM Asia Pac Strategists note, EUR/USD is lacking any significant momentum at the moment, however, if having to choose one direction, they are still trading with a small short bias.

Key Quotes

"Selling into 1.3330 stop loss price action (as some weak intraday EUR and EURJPY stops are clustered) but take the cash off the table below 1.3280."

"Completely sideways in crosses now as they are running out of steam, so squared up EURAUD and EURGBP and wait for better levels to access shorts in EURGBP."