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Daily outlook for EUR/USD

BofA Merrill Lynch notes ..... While the immediate picture for EUR/USD is not exactly clear, we could pull back to 2wk trendline support at 1.0763 before resuming upwards to 1.1098/1.1188 before forming a larger top and …

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BofA Merrill Lynch notes .....

  • While the immediate picture for EUR/USD is not exactly clear, we could pull back to 2wk trendline support at 1.0763 before resuming upwards to 1.1098/1.1188 before forming a larger top and resuming the long term downtrend. 

  • Watch the micro-term range between 1.1027/1.0898 for direction. 

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