FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, there is the chance for the pair to test the 1.1087/97 area. Key Quotes “EUR/USD has so far been thwarted by the 1.1033 200 day ma”. “The dip back from here has been shallow 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 1.1228/17 2014-2015 downtrend and 55 week ma and while we it is possible that these are retested we look for the market to fail here”. For more information, read our latest forex news.