EUR/USD continues with its choppy frustrating advance while approaching a major medium-term topping zone, notes Bank of America Merrill Lynch. "When taking a step back to view the bigger picture, this 1.3833/1.3975 area is our long held medium term topping zone (approximately 79.68/78.99 zone in DXY)," BofA clarifies. "In here we look for a top and bearish turn in trend,. one that ultimately takes EUR/USD to its 200m (1.2203)," BofA projects. Meanwhile, BofA thinks that USD/JPY corrective squeeze higher is drawing to a conclusion. "Gains should be limited to the 103.67/103.11 before resuming lower for the 200d ... (full story)