FXstreet.com (Barcelona) - The Euro closed the month in levels above 1.4800, the highest monthly close ever, now 1.5000 level is on sight: Bullish momentum should increase this month and note that the Euro is not overbought. The psychological 1.5000 beckons. Note that other currencies (CHF, CZK, PLN, SGD) are leading, trading at or close to record levels against the US dollar. Strategy wise, Elliott racommends: Buy at 1.4865, adding to 1.4800; stop below 1.4700. Add to longs on a sustained break above 1.4925 for 1.4965/1.5000.
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