FXstreet.com (Barcelona) - With EUR/USD still showing choppy conditions within a range-bound context, Bank of America Merrill lynch recommends to its clients to keep a bullish bias on the pair at the area 1.2824/1.2749, where solid bids are expected. For the bullish case to begin to take shape, "a break of 1.3064/74 would be needed in order to signal a return to trend for 1.3178/1.3285 and beyond," BofA adds. EUR/USD is trading at 1.2860 last, having broken Wednesday's low.
Forex Flash: Keep EUR/USD bullish bias at 1.2824/1.2749 - BofA Merrill Lynch
Wed, Oct 10 2012, 00:45 GMT | FXstreet.com
EUR/USD May 23 at 05:28 GMT
1.2846/48 (-0.09%)
H1.2863 L 1.2824
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
