EUR/USD: a rise to 1.1350 is likely as long as these support levels hold (Lloyds Bank)

Lloyds Bank raises the support levels required for traders to trade increases of the EUR/USD on the forex.

"The EUR/USD continues to ignore bad statistics and comments. The daily pivot support level stands at 1.1190/80, with a break paving the way towards support at 1.1110.

As long as we remain above, we anticipate a move towards new heights, but we still believe that the 1.1350/1.1450 zone should offer solid resistance at this stage.

The forex is still misaligned with rate spreads, supporting this view of a limited increase in the short term."