Last week EUR/USD was sidelined between its 1.3336/33 current August lows and the upper pennant line at 1.3419, notes Commerzbank. "The near term risk is still for a corrective rebound towards the three month downtrend line at 1.3452 to unfold. A daily close below 1.3333 is needed to trigger further losses to the 1.3295 November 2013 low en route to the 1.3105 September low," CB adds. "A close above 1.3459 would delay our immediately negative outlook for a deeper retracement towards the June low at 1.3503 to take place," CB projects. "While EUR/USD remains below its July peak at 1.3701, our medium term negative bias ... (full story)