Forex Flash: EUR/USD may reattempt the topside - Commerzbank

FXstreet.com (Barcelona) - Beyond consolidation above 1.3155/40 (23.6% retracement of the recent leg higher from the November low) is taking place, there is scope to challenge the 1.3487/1.3528 resistance area. "This is where the February high, 50% of the 2011-to-2012 decline and the 200 week moving average all come in and as such should offer strong resistance and provoke failure", wrote analyst Karen Jones, expecting the EURUSD to reattempt the topside, with 1.3360 and the 1.3381/86 March and April highs on the way.