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2 Aug 2016
EUR/USD: consolidation between 1.10 - 1.14 seems set to continue - Lloyds Bank
Analysts from Lloyds Bank, point out that the EUR/USD pair seems set to continue with a consolidation between 1.10 and 1.14 in the short-term
Key Quotes:
“EURUSD traded in a stable fashion yesterday, solidifying its position close to 1.12. The consolidation in the 1.10 – 1.14 range seems set to continue in the short-term, given the release of only second tier European and US data prior to Friday’s Non-Farm Payrolls.”
“Intra-day support is at 1.1130/00, ahead of 1.1060/40 and 1.0950. A decisive break of 1.12 would risk a rally to 1.1300/20, potentially re-exposing the 1.1420/30 range highs.”