EUR/USD: the 1.1730 threshold must be monitored closely (Lloyds Bank)

Lloyds Bank recommends that traders monitor the 1.1730 threshold on the EUR/USD.

"The EUR/USD's decline on Tuesday towards the 1.1765/30 support zone threatens the short-term bullish bias, but this area is holding for now.

The risk for today is a break below 1.1730 and a fall to the key support around 1.1675/1.1625.

As long as the EUR/USD evolves above 1.1730, the uptrend remains intact, with a view towards a climb to 1.1910 and then 1.20-1.23."