Forex Flash: EUR/USD may reattempt the topside - Commerzbank (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 EUR/USD to reattempt the topside, with 1.3360 and the 1.3381/86 March and April highs on the way.