EUR/USD: a test of 1.1087/97 remains on the cards – Commerzbank

By FXStreet FXStreet (Edinburgh) – According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could still visit the 1.1087/97 area.

Key Quotes

“EUR/USD is consolidating below the 1.1033 200 day ma”.

“The dip back from here has been tepid so far and there remains scope for the 1.1087/97 September low and 28th October high”.

“Currently we remain unable to rule out an advance towards key resistance, which remains the 1.1193/95 2014-2015 downtrend and 55 week ma and while it is possible that these are retested we look for the market to fail here”.
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Source:: FX Street