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#1 04-12-2017 13:33:13

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: euro could transition into a new phase if... (Lloyds)

EUR/USD: the euro could transition into a new phase in the event one of these thresholds is broken (Lloyds Bank)


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


Lloyds Bank recommends monitoring the 1.1810/1.1975 range on the EUR/USD.

"The EUR/USD failed to break above the strong Fibonacci resistance at 1.1975 and is now starting to correct last week's move, following the move by US rates.

A decline below 1.1810 is likely to bring us back to a new phase of consolidation.

In the event of a break above 1.1975, the EUR/USD could rise towards medium-term resistance at 1.12-1.23."


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

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