BofA Merrill Lynch notes in a report on Friday:
- Its time to lower the trailing stop on EUR/USD once again to 1.0695 (just above yesterday's high at 1.0684). We remain bearish for 1.0283 and potentially below.
- Finally we wish to raise our trailing stop and target once again for the US $ Index. We wish to raise our stop 98.60 (just below the Thursday, Mar-12 low at 98.65), while we are raising 106.00 (our long term upside objective)