EUR/USD has rallied near the top of the 3 month channel at 1.3292 where directly above lies the 61.8% retracement at 1.3340, says Commerzbank. That, according to CB, suggests that this was an ‘a-b-c’ correction (wave 4) and this move higher is already complete and over. "Above 1.3340 lies 1.3454/57, the 200 week ma and the 2011-2013 resistance line, we look for this to hold and provoke failure. This is considered key resistance," CB adds. However, to confirm a top and turn, a break below the accelerated uptrend at 1.3152 is needed in order to alleviate immediate upside pressure, CB projects. "Minor support lies at ... (full story)