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Outlook for EUR/USD - Stay bearish

Monday, June 8, 2015 5:51 PM UTC

BofA Merrill Lynch says:

Stay bearish EUR/USD, pair remains in a long-term bear trend.

Last Thursday's reversal from 1yr trend line resistance at 1.1383 maintains the long-term downtrend for 1.0283/1.0000. Back below the base of 2.5m trend line / channel support at 1.0879 confirms a return to trend.

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Outlook for EUR/USD - Stay bearish

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