FXstreet.com (Barcelona) - The Euro remains trading within a range from 1.4700 to 1.4850 as bearish move below 1.4770 support seen at European opening times has found support at 1.4735.
For next sessions, Nicole Elliott, technical analyst at Mizuho Corporate Bank, expects a difficult week for the Euro: Four consecutive alternating days thrashing around against Fibonacci and trendline support as we decide whether de-leverage will kick in. Allow for more of the same today and difficult work all week, with prices unlikely to hold quite so neatly between 1.4680 and 1.4860.
Support levels, according to Elliott, lie at 1.4700, 1.4681 and 1.4650. On the upside, resistance levels are 1.4811, 1.4825, 1.4860.