FXstreet.com (Barcelona) - EUR/USD has broken down 1.3100 level and it is falling around 1,0% to test the 1.3050 level. Currently, the pair is trading in the 1.3070/80 range.
Nicole Elliot, Mizuho Corporate Bank, comments about EUR/USD: Interminable drift as it remains stuck below the top of the Ichimoku 'cloud' (which gets very thin next week). Possibly the lagging Chikou Span will get support from Fibonacci retracement and the candles of 26 days ago. A sustained break above 1.3400 might turn momentum bullish.
Elliot advices us with her strategy: Attempt small longs at 1.3100; stop below 1.3000. Add to longs on a sustained break above 1.3350 and again above 1.3400 for 1.3600 and then more.
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