Forex Flash: EUR/USD focus shifted to resistance at 1.3173/80 - Commerzbank (Barcelona) - The focus has shifted to overhead resistane at 1.3173/80 as target (recent high and a double Fibonacci retracement): “ We remain wary of initial failure here, the market will need to clear this key resistance in order to introduce scope to 1.3487/1.3536 (2012 high, the 50% retracement and the 200 week ma), wrote Commerzbank analyst Karen Jones, suggesting a pull back prior to any further gains. Interim support lies at 1.2995/75 (50% retracement). And stronger support is at the 200-day moving average, at 1.2825, and the 1.2814 3 month uptrend, maintaining upside scope while this is intact.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.