EUR/USD falls to the worst levels of the day

I don't like this chart at all. It looks like a head-and-shoulders within a head-and-shoulders:

EUR/USD falls to the worst levels of the day

For some reasons, spec longs are also at a two-year high. I tend to brush that aside as some kind of reporting skew but if it's the reality then it's another reason to be negative.

Bank of America is also making the negative case.