FXstreet.com (Barcelona) - The Euro has strengthened during today's Asian session and from intra-week low at 1.2965, it has rallied to levels right below 1.3200 and according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, it could rally further during the next sessions.
Elliott points up to the 26 moving average at 1.3266: Squeezing back above the top of the Ichimoku 'cloud' and might re-test the 26-day moving average at 1.3266 and the top of the 'flag' at 1.3330.
Concerning strategy; Elliott advices longs at 1.3190: Attempt longs at 1.3190, adding to 1.3100; stop below 1.2885. Add to longs on a sustained break above 1.3330 for 1.3400 short term and 1.3600 further out.
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