Forex Flash: EUR/USD keeps its eye on 1.3282 - Commerzbank

Yesterday's inside day left analysts' outlook unchanged, as attention remains on the 1.3282 3 month uptrend, with key near term support being 1.3282/56 (16th Jan low, the 61.8% retracement, the 55 day ma and the 3 month support line): "This is likely to hold the initial test – however the risks have increased that we will see an eventual break down through here towards the more important 1.3202 7 month uptrend and a close below here is required to negate the up move completely", wrote analyst Karen Jones. "Only a recovery above 1.3520 would neutralize the immediate outlook and potentially re-target the 1.3711 February high (not favored)", she added, pointing to initial resistance being the accelerated downtrend at 1.3441.