Research Team at Lloyds Bank, lists down the technical outlook for the key currency pairs. Key Quotes "EURUSD: Channel resistance is continually holding at 1.1370, with divergence now developing in the momentum studies. We see the risks of at least a near term pullback to 1.1170-1.1050 support, with a break through there starting to suggest a lower high is in place within the medium term range. A move up through 1.1370-1.1450 is needed to warn that the range is expanding and that we can re-test the 1.17 highs and potentially even overshoot towards 1.20-1.23 key long-term resistance. GBPUSD: We are reaching the end of the week where amazingly GBPUSD has been incredibly stable against the backdrop of turmoil in the global markets. The fact we remain in the interim 1.4375/50 to 1.4600/1.4650 range leaves our view unchanged. While under 1.4650 resistance region we have a bias to look for a move back towards the 1.4200 region of congestion and ultimately back to the 1.40-1.35 key long-term support zone. A move up through that resistance would suggest room for a broader correction into the 1.48-1.50 region, where we then again look for a lower high to develop. EURGBP: We have near-term technical topping signals, aligned with the signals above in EURUSD. 0.7875/80 is resistance we have been highlighting, which is holding. We have divergence developing in the momentum studies, which suggest a correction phase is close at hand. We also have minor topping patterns in the daily candle charts. As such we see the risk of at least a pullback to test trend supports in the 0.7670-0.7570 region. Longer-term a decline back through 0.7500/0.7450 is needed to negate the trend from the 0.7000 lows and move us back into a range process. While key supports hold, we cannot rule out an eventual push towards key long-term trend resistance in the 0.80-0.82 zone.” For more information, read our latest forex news.