FXstreet.com (Barcelona) - The Euro has been giving back most of the gains of last month, although Nicole Elliott, senior technical analyst at Mizuho Corporate Bank adverts about an interim low: Yesterday's 'doji' candle suggests we have found an interim low and will consolidate above here for several days. For this morning prices should hold above 1.5350 with a sustained break above 1.5450 setting off a short squeeze to 1.5550, maybe 1.5600. In regards to strategy, Elliot advices: Attempt longs at 1.5435, adding to 1.5360; stop below 1.5270. Short term target 1.5555/1.5600.
Join the Discussion