FXstreet.com (Barcelona) - The Euro has reached a fresh all -time high against the Dollar at 1.4666, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank affirms that the Euro might continue climbing: Yet another new record high at 1.4666 and at-the-money implied volatility looks set to move a lot higher. The Euro is somewhat overbought but zero resistance levels and all too many who are late to the party might cause dramatic and massive moves. Regarding strategy, Elliott advices: Possibly attempt tiny longs on a dip to 1.4605 but be prepared to add to 1.4500; stop below 1.4370. Target 1.4750, maybe 1.4950.
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