BofAML - We are Bearish and Short EURUSD

Bank of America Merrill Lynch - "€/$: We are bearish and short. The impulsive, intra-day decline from the Jul-01 high at 1.3701 says the medium, potentially long term, bear trend is resuming after a 2 month hiatus. Initial targets are seen to 1.3212 (swing target) ahead of 1.3104 and then the 1.2777/1.2685 zone and eventually below. Our bearish view would prove incorrect on a move above the 1.3701, Jul-01 high."

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Tags: Bank of America Merrill Lynch Euro, BofAML, EUR, EUR/USD, EURUSD, Eurodollar

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