It’s a mixed bag for the euro. It can down on Italian worries or up on US problems. We’ve bolted up to 1.3544 1.3551 from 1.3500, closing the gap down from 1.3520. Look to the highs from mid September at 1.3560/70 as the nearest line in the sand.

EUR/USD h4 chart 30 09 2013

EUR/USD h4 chart 30 09 2013

EUR/GBP is pushing up so this could be the last of the flows going through. 0.8383 the high, up 20 odd pips in the last 30 mins.