EUR/USD could towards 1.3485

A break of 1.3800 level in EUR/USD could trigger a move lower towards 1.3485, said Michael Hewson, market analyst at CMC Markets in London. "In the long term, the euro has potential to hit 1.3480 and even lower, but not ahead of (Friday's) employment report in the US," he said. The market is "fixated" on the sovereign debt problems faced by not just Greece, but Portugal and Spain, he said. "As regards the ECB, Trichet didn't really add anything new. He simply reiterated the old mantra of the stability pact." EUR/USD was at 1.3922 from 1.3905 late Wed.