EUR/USD: October’s Right Shoulder Breakdown Targets 1.1320; Staying Short – BofAML

EUR/USD has been pressured to the downside, mostly due to the dollar’s strength. What’s next? The team at Bank of America Merrill Lynch examines the technical charts. Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research maintains its bearish EUR/USD outlook, noticing that the October range/right shoulder breakdown suggests EUR/USD should decline [...]

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