FXstreet.com (Barcelona) - The Euro has been declining to month lows during the whole week, according to Nicole Elliott, the cross should try to hold in current positions before exploring higher grounds: Dropping to the top of a very large Ichimoku 'cloud' which ought to stem losses for the time being. We should try and hold above here today, then edging back up to 1.5600/1.5650. Concerning strategy, Elliott forecasts: Attempt small longs at 1.5465; stop below 1.5400. Short term target 1.5550, then 1.5650.
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