FXstreet.com (Barcelona) - The Euro has been consolidating around in current levels, 1.4680 - 1.4725 for the latest sessions, from now on, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, expects correction and consolidation: We shall continue to favour correction and consolidation this week with the Euro probably holding below 1.4750. Drops to 1.4400, maybe even as low as 1.4200, are seen as medium term buying opportunities. Concerning strategy, Elliot advices: Possibly attempt tiny shorts at 1.4720; stop above 1.4825. Cover shorts ahead of 1.4500 and then watch for sings of basing between 1.4500 and 1.4400.
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