Tuesday, July 3, 2007

Euro May Decline to 9.0830 Against Sweden's Krona, Goldman's Edgeley Says

(Bloomberg) -- The euro may fall to 9.0830 against
Sweden's krona after dropping below the base of a so-called
``bear flag,'' said Kevin Edgeley, a technical analyst at Goldman
Sachs Group Inc., citing charts that predict price movements.

``The break below the flag base gives a measured move target
at 9.0830,'' London-based Edgeley wrote in a research note
yesterday. ``The weekly indicators reinforce the negative bias.''


Read more at Bloomberg Currencies News

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