FXstreet.com (Barcelona) - The Euro is going through consolidation below new record high at 1.4508 and according to Nicole Elliot further climbing is likely: The Euro is no longer overbought and it might struggle with the 1.4500/1.4550 area for another week or two. Dips towards the 1.4200 area are seen as medium term buying opportunities for new highs late this year. Strategy wise, Elliot advices: Possibly attempt tiny longs at 1.4440 but be prepared to add to 1.4380; stop below 1.4300. Target 1.4500/1.4550.
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