EUR/USD: euro reversal could continue to stronger support levels (Lloyds Bank)

Lloyds Bank anticipates a continuation of the decline of the EUR/USD to new support levels.

"Reversals from the top of the range near 1.1450 are holding steady above the first support level near 1.1300.

Our analysis is still in favour of a deeper reversal towards larger support levels in the 1.1215 zone.

A break here would suggest a continuation of the decline in the medium-term range.

As long as we hold above these support levels, a break of 1.1450 would pave the way in the direction of 1.16 and 1.17".