EUR/USD (Lloyds Bank) : breaks techniques still need to strengthen or weaken the bearish view in place

The bias of EUR/USD remains bearish, according to Lloyds Bank, but some thresholds will be monitored in order to strengthen or pause this feeling.

«Our bias is main to a decline of EUR/USD to the area of 1.15, which is part of a consolidation phase since the peak of 1.2090 recorded last month.

However, EUR/USD remains locked in the range 1.1670/1.1880. A movement across this resistance could lead to a stronger rebound towards the area of the 1.1950/1.20, where we will look for signs of development of a top.

A break under the support of the 1.1740/15 then 1.1670 would be more directly bearish. «

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