FXstreet.com (Barcelona) - The Euro continued declining against the Dollar yesterday, and according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the European currency dropped lower than expected: The Euro sold off by a lot more than we had expected, all the way down to the bottom of the large 'triangle'. Let's see if it can stabilise here, always allowing for a small 'spike low' or 'false break' below here. Strategy wise, Elliot advices: Attempt longs at 1.4480; stop below 1.4350. Short term target 1.4700/1.4750.
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