EUR/USD: Lloyds bank says risks of a rebound should be closely monitored

Lloyds Bank is closely monitoring the EUR/USD for rebound risks on the forex.

"Even though prices managed to achieve new lows yesterday, within a potential gradual movement towards our ideal support zone at 1.15-1.14, the scenario is suffering.

We are therefore monitoring resistance levels more closely, namely those in the 1.1610/1.1635 zone.

As long as this zone holds, the current trend remains intact. A move above would increase the risk of not reaching our target area, before bouncing back into a medium-term range located around 1.19."