Despite its ongoing rally today, evidence continues to favor a medium / long term developing top and bearish turn for EUR/USD, argues Bank of America Merrill Lynch. “On a VERY short term basis, gains should be limited to 1.3880/1.3906, while key support is 1.3784. A break below would open the d…
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EUR/USD: Topping, Patience Key; USD/JPY: Downside Risk -BofA Merrill