Flash: EUR/USD signs of recovery

FXstreet.com (London) - Research teams at Commerzbank said that EUR/USD saw signs of recovery again just ahead of the 1.2821 support line.

Adding, that the pair continues to range sideways between last week’s low at 1.2821 and the 55- and 200-day moving averages at 1.2978/1.3029. They continue to view the near term upside probes as corrective only and the risk remains on the downside. They see minor support at 1.2821/1.2796, which guards the 1.2740 April low and the 1.2679/61 long term Fibo.