FXstreet.com (Barcelona) - The Dollar re-tested Friday's low at 101.40, for today, Nicole Elliott, senior technical analyst at Mizuho Corporate Bank foresees: For today while the Yen holds above Friday's low expect more very cautious work up to 103.25. Below 101.40 should trigger a drop to 101.25 (1999 low) then a rather scary move to 100.00. Strategy wise, Elliott advices: Attempt shorts on a bounce to 102.45, adding to 103.25; stop above 103.75. Add to shorts on a sustained break below 101.80 for 101.25 taking profits and standing aside if possible.
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