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#1 05-12-2017 11:47:28

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: euro shows bearish risks, to be confirmed below support at...

EUR/USD: the euro shows bearish risks, to be confirmed below support at 1.1775 (Lloyds Bank)


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Lloyds Bank believes that the EUR/USD is showing downside risks, to be confirmed below 1.1775.

"On the EUR/USD, 1.1975 was the area where the pair was likely to form a top below the 1.2100 level. This area held, and a drop below support at 1.1800/1.1775 would add some conviction that we are moving towards the lower area of the range in the 1.16-1.14 zone.

As long as this support holds, we cannot rule out a test of key resistance at 1.21-1.23, with a necessary confirmation above 1.1975."


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

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