EUR/USD: the pair should mark a pause before resuming its climb (Lloyds Bank)

Lloyds Bank anticipates a consolidation phase on the EUR/USD on the forex below the threshold of 1.1450.

"The EUR/USD is now approaching highs of the range towards 1.1450. Intraday technical analysis shows overbought conditions and with German rates that right now are not reaching to extend the recent gains, we think this area will hold.

Our bias is for a consolidation under 1.1450, before a new bullish phase heading towards 1.20, but German 2-year rates must climb above -0.58 to confirm the bullish turnaround."