FXstreet.com (Barcelona) - Despite last week sell-out, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank affirms that the Euro remains in consolidation: Much has been made on last week's sharp sell-off but note we remain well within normal consolidation parameters. We expect it to try a stabilise and bounce from support from the bottom of the large 'triangle', always allowing for a small 'spike low' or 'false break' below here. Concerning strategy. Elliott advices: Attempt longs at 1.4550, adding to 1.4440; stop below 1.4350. Short term target 1.4700/1.4750.
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