The nature of the current rebound in EUR/USD will determine the next trend of short-term, according to Lloyds Bank.
«The last pullback held the support of 1.1925. With the technical studies intraday slightly survendues, they suggest that a rebound from this area could develop.
The nature of that rebound will determine whether we can return to the zone of resistance of 1.21-1.23, or if we are in a peak lower than the previous one and then break the support and then 1.1820/00 to open the path in the direction of the 1.17-1.15.
Key data tomorrow and Friday will probably be the catalyst. «