EUR/USD: Lloyds Bank remains bearish on the pair

Lloyds Bank maintains a bearish bias for the EUR/USD:

"We maintain a bearish bias regarding the EUR/USD due to rate spreads and under key resistance at 1.0800-1.0875. Prices are now starting to break the important supports levels in the 1.0700-1.0665 area, adding conviction to our view. The supports levels are 1.0585, 1.0530 and 1.0445, ahead of 1.0350. The intraday resistance is at 1.0730-1.0760, while an upward shift to 1.0875 is needed to signal that 1.0350 was a significant low and a wider range is developing above.

We do not expect a decline towards the key support zone of 1.01 to 0.99 unless there is a major upheaval in the elections."