FXstreet.com (Barcelona) - The Euro rallied against the Dollar to retrace shortly afterwards, for the week ahead, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank expects consolidation on current levels: Balking at trendline resistance and not managing a weekly close clearly above 1.4800. This suggests we will consolidate below the aÃ¢â‚¬â€time high at 1.4968 for much of this week. Concerning strategy, Elliot advices: Attempt small longs at 1.4815, adding to 1.4735; stop below 1.4650. Cover ahead of 1.4925 and do not re-buy until a clear break above 1.5000.
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