EUR/USD has attempted to erode the 2013 resistance line at 1.3325 but has not succeeded in doing so, and has reacted lower, notes Commerzbank. "Directly overhead lies key resistance at 1.3360/1.3417. This is where the 2011-2013 downtrend, the 200 week ma and the June high meet and we look for it to hold the topside and provoke failure," CB projects. S/T, CB sees current break below 1.3255 alleviates upside pressure and target 1.30. "Loss of this zone is needed to re-target the 1.2755/40 recent low and April low," CB adds. All in all, CB thinks that EUR/USD around current levels offers selling opportunity for a ... (full story)