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#1 11-09-2017 11:40:54

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: the euro is heading for a larger corrective phase (Lloyds)

EUR/USD: the euro is heading for a larger corrective phase (Lloyds Bank)


http://www.forex-central.net/forum/userimages/Lloyds-bank-logo.png


Lloyds Bank believes that the EUR/USD could continue its bearish correction on the forex.

"We still believe that the 1.20-1.23 area is a solid zone of medium-term resistance and we expect a decline.

The support levels we are monitoring in this regard are in the 1.1950 zone, with one here paving the way for a test of the more significant trend line threshold at 1.1800.

A break below would confirm a wider correction with ideal targets located at 1.16-1.15."


"Anything worth having is worth going for - all the way." - J.R. Ewing

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