FXstreet.com - (Barcelona) - The Euro reached another record high against the Dollar, and is not giving back any ground, as Nicole Elliot, senior technical analyst at Mizuho Corporate Bank explains: Dawning on many that the US dollar is deliberately being shrunk and that there is nothing on the immediate horizon to stop the rot. Expect a little more work below 1.5250 this morning, maybe all day, before trying to squeeze higher again. Concerning strategy, Elliot advices: Attempt small longs at 1.5225, adding to 1.5100; stop below 1.4950. Short term target 1.5250 then 1.5350, maybe 1.5550.
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