EUR/USD: the pair's correction could continue under this condition (Lloyds Bank)

Lloyds Bank believes that the EUR/USD correction phase can continue on the forex as long as the pair remains below 1.1825.

"The underlying EUR/USD bullish trend remains intact, but we remain in a corrective phase since the peaks at 1.1910.

The rebound holds under the resistance of 1.1825, and as long as we move below it, we continue to see risks towards a test of the 1.1725/1.1675 zone, where a trough could develop.

At this point, only a decline below 1.1550 could reverse the bullish trend that is targeting the mid-range highs at 1.20/1.23."