FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, the single currency could re-test the 1.0980 area vs. the greenback. Key Quotes “EUR/USD is attempting to stabilise very near term circa 1.08”. “There is scope for a further advance very near term to the 1.1032 200 day ma and even the 1.1087/97 September low and 28th October high, however here we would expect to see the market falter”. “Key resistance remains the 1.1228/17 2014-2015 downtrend and 55 week ma and while capped here the market will remain in a longer term down move”. For more information, read our latest forex news.