EUR/USD: We are bearish - Lloyds  Bank

Analysts from Lloyds Bank point out that a break of the 1.1040 in the EUR/USD  pair could open a move toward 1.0910/00. 

Key Quotes:

“The US labour market report triggered EURUSD to break short-term support at 1.1130/00 and extend to the 1.1040 support level. We are bearish on the pair, with a break of this support opening up a move towards recent lows at 1.0910/00.”

“To the topside, intra-day resistance lies at 1.1115/20 ahead of more important resistance at 1.1160 and 1.1235. A move through these risks a rally to 1.1300/20, which would potentially re-expose the 1.1430 range highs.”