EUR/USD: the euro remains bearish but still shows risks of a rebound (Lloyds Bank)

The EUR/USD shows some bullish risks within the current bearish trend, according to Lloyds Bank.

"We are monitoring the EUR/USD's price action very closely.

Our central perspective is for a move towards the 1.1500 support level, which should be the low end of a medium-term range.

However, our short-term technical analysis still suggests that there is a risk of a broader correction.

Intraday resistance is located at 1.1805; a move above this and then above 1.1860 would suggest a potential return to the 1.20-1.21 area.

As long as we are moving below, however, the current trend remains bearish."