Flash: EUR/USD struggling to overcome 1.3300 – Commerzbank

FXstreet.com (Edinburgh) -The shared currency continues to meander around 1.3270 on Tuesday, as thin trade prevails ahead of relevant releases in the upcoming sessions. Karen Jones, Head of FICC Technical Analysis at Commerzbank, remarked the recent failed attempts of EUR/USD to follow through the critical level at 1.3300.

Key quotes

“We note the 13 count on the 240 minute chart and this offers additional resistance at 1.3325.We continue to favour failure and a slide sub 1.3000”.

“The market stays bid intraday above 1.3165. Below here targets 1.30 and loss of this zone is needed to re-target the 1.2755/40 recent low and April low”.