Quotes from BofA Merrill Lynch:
- We wish to initiate a EUR/USD short. A break of 1.1291 (Triangle support) would indicate an end to its consolidation and a resumption of its larger bear trend for a push towards to the Sep'03 lows at 1.0765 and potentially below.
- Following such a break, price action should not trade above the Feb-19 high at 1.1451.