EUR/USD: the euro could transition into a new phase in the event one of these thresholds is broken (Lloyds Bank)

Lloyds Bank recommends monitoring the 1.1810/1.1975 range on the EUR/USD.

"The EUR/USD failed to break above the strong Fibonacci resistance at 1.1975 and is now starting to correct last week's move, following the move by US rates.

A decline below 1.1810 is likely to bring us back to a new phase of consolidation.

In the event of a break above 1.1975, the EUR/USD could rise towards medium-term resistance at 1.12-1.23."