EUR/USD: euro's rally is potentially done (Lloyds Bank)

Lloyds Bank believes that the EUR/USD may now resume its path of decline.

"We believe that the 1.20-1.23 resistance zone will limit the EUR/USD rally, paving the way for a return to the 1.16-1.15 zone.

The peak recorded last week at 1.2070 is potentially a market top, and a break below 1.1835/1.1725 would further confirm this scenario.

An intraday resistance appears within the 1.1965/1.1990 range."