EUR/USD: Euro remains steady above 1.4000

By IBTimes Staff Reporter | October 10 2007 12:59 PM

FXstreet.com (Barcelona) - The Euro is consolidating above 1.4000 and, according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the scenario is not likely to change today: Steadying above 1.4000 and likely to do so again today. We remind that dips towards 1.3900 are seen as medium term buying opportunities for a rally later this month.Concerning strategy, Elliott advices: Attempt longs at 1.4100, adding to 1.4050; stop below 1.3900. Target 1.4200/1.4250.Â

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