FXstreet.com (Barcelona) - The Euro broke resistance at 1.4750 yesterday but couldn't hold positions. Nicole Elliott, senior technical analyst at Mizuho Corporate Bank sees the Euro remaining below that level today: Yesterday's blip above decent resistance at 1.4750 looks unconvincing and perhaps we shall hold below here again today. Later this month we feel the very fat Ichimoku 'cloud' should lend support to the Euro. Strategy wise, Elliott advices: Possibly attempt tiny shorts at 1.4730; stop/reverse above 1.4790 for 1.4850. Cover shorts ahead of 1.4600 and then watch for sings of basing between 1.4550 and 1.4485.
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