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15 May 2015
Short EUR/USD, long USD/JPY - BofA
FXStreet (Bali) - MacNeil Curry, CFA, CMT, Technical Strategist at Bank of American, remains a USD bull, short EUR/USD and long USD/JPY.
Key Quotes
"We remain US $ bulls and are short €/$ and long $/¥. €/$ needs to break the May- 07 high at 1.1392 to invalidate the bearish setup and point to a larger correction than anticipated."
"Back below 1.1131 says the downtrend is picking up steam. Meanwhile, we reiterate that we remain bullish and long $/¥."
"Evidence says that the bull trend of the past 4+ months is drawing to a conclusion and the long-term uptrend is set to resume for 124.59, ahead of 128.45."
"Below 118.33 invalidates this view and points to continued range-trading, while those awaiting additional price confirmation need a break of 120.86 (the Apr-13 high.)."
Key Quotes
"We remain US $ bulls and are short €/$ and long $/¥. €/$ needs to break the May- 07 high at 1.1392 to invalidate the bearish setup and point to a larger correction than anticipated."
"Back below 1.1131 says the downtrend is picking up steam. Meanwhile, we reiterate that we remain bullish and long $/¥."
"Evidence says that the bull trend of the past 4+ months is drawing to a conclusion and the long-term uptrend is set to resume for 124.59, ahead of 128.45."
"Below 118.33 invalidates this view and points to continued range-trading, while those awaiting additional price confirmation need a break of 120.86 (the Apr-13 high.)."