The euro dropped on the Italian crisis but managed to recover gradually. What’s next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch discusses EUR/USD technical outlook and adopts a tactical bearish bias. “Ending Q3, EUR/USD formed a bearish outside week in a cluster of resistance we have been watching. The resistance pocket (right shoulder and old trend line) remain a barrier to higher EUR/USD. We think the bearish outside week, declining 200wk SMA, head and shoulders top and cluster of resistance from multiple technical methods lead EUR/USD lower, at least in the near term,” BofAML argues. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Italy to lower fiscal deficit to 2.2 percent in 2020 – Repubblica FX Street 4 years The euro dropped on the Italian crisis but managed to recover gradually. What's next? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch discusses EUR/USD technical outlook and adopts a tactical bearish bias. "Ending Q3, EUR/USD formed a bearish outside week in a cluster of resistance we have been watching. The resistance pocket (right shoulder and old trend line) remain a barrier to higher EUR/USD. We think the bearish outside week, declining 200wk SMA, head and shoulders top and cluster of resistance from multiple technical methods lead EUR/USD lower, at least in the near term," BofAML argues.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
