Stay Sidelined On EUR/USD, Tighten Stops On Short USD/JPY Targeting 95.89

Despite being stopped out of short EUR/USD last week, Bank of America Merrill Lynch maintains a bearish bias on the pair seeing current gains as corrective. “For now, however, we will remain on the sidelines, waiting for a move below 1.2854, trendline support, to confirm a return to trend, open…

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Stay Sidelined On EUR/USD, Tighten Stops On Short USD/JPY Targeting 95.89 – BofA Merrill

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