FXstreet.com (Barcelona) - After last week's bounce up, the Euro is expected to move sharply this week according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank: Allow for more sharp moves this week towards the lower edge of what we see as a massive top. Downside pressure increases if we now hold below 160.00. Concelning strategy, Elliot advices: Sell at 157.75, adding to 158.50; stop above 160.00. Short term target 155.70, then 152.00.
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