Flash: Short EUR/USD, break below 1.3144 further confirmation - JPM

FXstreet.com (Barcelona) - Following the strong break above 81.631 (200 DMA) in the USD Index, which came combined with the break below 1.3206/1.3190 (pivots) in EUR/USD last week, according to Meera Chandan, FX Strategist at JPMorgan, "the odds are now clearly in favour of continued USD strength which would receive additional confirmation via breaks below 1.3144 (200 DMA)." Chandan thinks that "only breaks above 1.3264 (minor 38.2 %) would temporarily weaken the strong USD view."