Across different asset classes, evidence is building for a lower EUR/USD, says Bank of America Merrill Lynch. "The accelerating uptrend in the USD Index and developing Head and Shoulders Top in EUR/USD are two increasingly cited pieces of evidence. However, the relative outperformance of US equity markets and widening US-GER interest rate differentials also paint an increasingly poor picture for the EUR in the weeks and months to come. And even EUR/JPY is showing signs that its long standing bull trend is poised to a take a breather," BofA clarifies. Expanding more on the EUR/USD technical outlook, BofA sees both ... (full story)