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EUR/USD bear trend is about to resume: BofA Merrill Lynch

Monday, February 23, 2015 6:24 PM UTC

Quotes from BofA Merrill Lynch:

- We wish to initiate a EUR/USD short. A break of 1.1291 (Triangle support) would indicate an end to its consolidation and a resumption of its larger bear trend for a push towards to the Sep'03 lows at 1.0765 and potentially below.

- Following such a break, price action should not trade above the Feb-19 high at 1.1451.

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EUR/USD bear trend is about to resume: BofA Merrill Lynch

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