FXstreet.com (Barcelona) - The Euro keeps moving about the 14750 area, in a rather unsteady manner, according to Nicole Elliott, senior technical analysts at Mizuho Corporate Bank: Creeping along unsteadily at the top of the Ichimoku 'cloud'. We continue to favour correction and consolidation this week and this month 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, Elliott recommends: Possibly attempt tiny shorts at 1.4730; 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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