EUR/USD: the euro is unable to break through its resistance zone (Commerzbank)

Commerzbank is still waiting for a close of the EUR/USD above 1.1790.

"The EUR/USD failed to break the 1.1790/1.1803 resistance zone - we are expecting a close above 1.1790, which should be enough to trigger a move towards the June peak at 1.1853 and the 55-week moving average of 1.1904.

The EUR/USD remains bullish above the short-term support line at 1.1687 and we will once again bring our stops closer to our buying positions."