FXstreet.com (Barcelona) - The Euro will try to hold above 1.45 this week, but according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the volatility will be high till the year end: A 'doji' on the weekly chart against trendline support suggest the Euro will try and hold above 1.4500 this week. It also suggests at-the-money implied volatility will remain high until year-end at least. Concerning strategy, Elliot advices: Attempt longs at 1.4650, adding to 1.4585; stop below 1.4500. Target 1.4750.
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