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EUR/USD squeeze not yet finished

Monday, March 23, 2015 6:35 PM UTC

BofA Merrill Lynch notes ....

While we remain long term EUR/USD bears, the near term setup points to a further corrective squeeze higher.
Gains should be limited to 1.0995/1.1098, but could extend as far as 1.1188 before topping and resuming lower.
Below 6d trendline support (now 1.0685) says the downtrend has resumed for 1.0283 and potentially below.

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EUR/USD squeeze not yet finished

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