EUR/USD is expected to stabilize around the 1.3105 September 2013 low before reaching the psychological 1.3000 region, notes Commerzbank. "On the hourly and daily charts we can see positive divergence which, together with the loss of downside momentum over the past few days, increases the chances of a minor bounce towards the 1.3200 region being seen," CB projects. "Resistance comes in along the downtrend channel resistance line at 1.3155 and the 1.3222 August 28 high where the currency pair is likely to be capped. Further resistance can be seen along the three month downtrend line at 1.3369. While trading below ... (full story)