BOA Merrill were out earlier today with a client note published on efxnews.com which you can sign up to
here
Says BOAM:
2015 was the year when the Euro finally weakened,
but not on a smooth path. Looking ahead, we remain bearish on EUR, but
expect the path to remain choppy. We project the EUR/USD to weaken to
0.95 by end-2016. At the same time, our year ahead top contrarian trade
was for short-term EUR/USD upside. This suggests upside Euro risks in
the short term, but still negative for the medium term. Our preferred
bearish EUR trades are actually against non-USD crosses, particularly
SEK and JPY.