EUR/USD: intraday analyses suggest continued consolidation of the pair (Lloyds Bank)

A break of 1.0670/1.0710 by the EUR/USD is required to cancel the current bearish bias on the forex according to Lloyds Bank:

"We had a quiet session Monday and during the following night, with the EUR/USD consolidating in a very narrow range. We are now testing significant support in the 1.0580/1.0600 area. A break here is likely to see a new test of range levels at 1.0400/1.0350. Above this level, intraday analyses suggest additional consolidation, with a breakout of 1.0670-1.0710 needed to cancel the current bearish momentum."