FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could still visit the 1.1087/97 area. Key Quotes “EUR/USD is consolidating below the 1.1033 200 day ma”. “The dip back from here has been tepid so far and there remains scope for the 1.1087/97 September low and 28th October high”. “Currently we remain unable to rule out an advance towards key resistance, which remains the 1.1193/95 2014-2015 downtrend and 55 week ma and while it is possible that these are retested we look for the market to fail here”. For more information, read our latest forex news.