BAML Thinks Bill Gross "Trade Of The Year" Coming To Premature End

Bank of America Merrill Lynch remains bullish on the U.S. dollar but thinks key interest rates could be topping along with certain precious metals.

BAML: Watching resistance on the euro

BAML’s technical strategist MacNeil Curry is short the euro relative to the dollar, targeting the 1.0283 level. Curry says the euro needs to break the May 07 high at 1.1392 to invalidate the bearish trade setup he recommends.

The euro is currently knocking on this door of this resistance level. Using Elliott Wave technical analysis methods, Curry notes the current correction completed a five wave correction.  If the 1.1392 level is broken it could invalidate and point...