EUR/USD technical analysis from Bank of America/ Merrill Lynch:
- In the very near term, looking across US $ pairs; the greenback looks set to embark on a corrective push lower before its larger bull trend resumes
- €/$, the pair could squeeze to the 1.3521/1.3503 area before rolling over and returning to trend
- Such a squeeze must be seen as corrective and ultimately faded
- We remain bearish and continue to target 1.3212 ahead off 1.3104 and below
