FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the current up move of the pair is seen as corrective. Key Quotes “EUR/USD is upside corrective and so far has reached the 1.1032 200 day ma”. “It remains bid and there is 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.