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EUR/USD double bottom should brake mid 1.13s

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Bank of America for the Euro:

Bank of America Merrill Lynch Research discuss the EUR / USD and remain on the medium term with the long-term outlook, with a long position at an initial target of 1.1550.

"This week, we may see activation of the double bottom after EUR / USD rises after the bottom because of the news of the ECB."

Possible promotion also has a key test - the resistance of 1.13 (trend lines and cluster of moving average) as well as the peak from March to 1.1448. We are waiting for price action to further support our forecast for the month.


 Trader Aleksandar Kumanov

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