Euro rally from levels around 1.4100 has reached 2009 high at 1.4445 so far, and the Euro is moving in a range around 1.4000 at European session opening, although Nicole Elliott, senior technical analyst at Mizuho Corporate Bank considers that the common currency could appreciate to 1.4600 and beyond.
The Euro should follow Dollar weakness: "Against what is expected to be generalised US dollar weakness the Euro should follow the leaders, currently the Swedish krona and Brazilian real. Our measured targets are 1.4600 and eventually the psychological 1.5000."
Concerning strategy, advices to go long at levels below 1.4400: "Attempt longs at 1.4385, adding to 1.4310; stop well below 1.4200. Short term target 1.4430, then 1.4545 and after that 1.4635."
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