Nicole Elliott, senior technical analyst at Mizuho Corporate Bank -
"Hovering nervously above a new recent low at 1.3444 in what is a
potential C leg of an A, B, C-type correction where C is 0.6% of A.
With EU27 finance ministers delivering absolutely nothing, zero, nul
points, in terms of helping in this crisis well, with friends like
these… The Euro is oversold and bearish momentum its strongest ever,
one-month at-the-money implied volatility at 19.00% is at a new record
high. Stand aside if possible."