Forex

FXstreet.com (Barcelona) – The Euro has gained some ground after fed’s decision to keep rates unchanged. Nicole Elliot, Senior Technical analyst at Mizuho Corporate Bank expects the 1.58 area to be tested next week: “Pushing up above the top of a thin Ichimoku ‘cloud’ and would have done even better if other currencies had pulled their weight. If not today then probably before month-end we favour a re-test of the 1.5800 area.” Concerning strategy, Elliot advices: “Attempt longs at 1.5670, adding to 1.5575; stop below 1.5460. Short term target 1.5700 then 1.5800/1.5845.