EUR/USD will remain in current range according to Lloyds Bank.

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The analysts at Lloyds Bank think that EUR/USD will continue to trade in this current range, as there are no clear bullish or bearish signs.

“A decline through 1.1320/1.1280 is needed to add some validity that the range highs have again held, with 1.1180 the key level to re-open 1.08 range lows. Medium term we remain trapped in 1.0450 – 1.1465 range – we expect this range to remain intact for now. But given the proximity to the range highs, there is a risk that we break above 1.1465, which could trigger not only a re-test of last August’s spike high to 1.17, but potentially a move towards 1.20-1.23” written in the report.

Forex Forecast

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