EUR/USD: Into L/T Pivot; USD/JPY: Above 12yr T/Line Resistance

Bank of America Merrill Lynch remains a USD bulls noticing that yesterday’s short-term signs of USD stalling failed to materialize. Indeed, BofA thinks that as EUR/USD has fallen sharply, it is now on track to test the confluence of long-term support at 1.2470/1.2450. “This has been a pivo…

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EUR/USD: Into L/T Pivot; USD/JPY: Above 12yr T/Line Resistance – BofA Merrill

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