FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the bearish outlook to prevail below the 1.1000/60 band. Key Quotes “EUR/USD is starting t break down from its range”. “Overhead the market is facing tougher resistance at 1.10/1.1060. These are the recent highs and the 200 day ma, the 2014-2016 downtrend and 55 week ma and we view the market as bearish while capped here”. “Our target remains the 1.0523 recent low”. For more information, read our latest forex news.