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EUR/USD correction higher continues: BofA Merrill Lynch

Tuesday, February 17, 2015 6:02 PM UTC

Quotes from BofA Merrill Lynch:

- EUR/USD is correcting higher. Since the Jan-29 low at 1.1098, EUR/USD has been stuck in a choppy correction.

- Within this correction, we look for one last push higher toward 1.1730, before renewed topping and a resumption of the larger bear trend for 1.1098, ahead of 1.0765 and eventually below.

- A break of 1.1270 says the downtrend is resuming.

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EUR/USD correction higher continues: BofA Merrill Lynch

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