Wednesday, July 25, 2007

Weekly Charts Suggest Euro's Rally to Record High Is Over, Citigroup Says

(Bloomberg) -- Investors should sell the euro
against the U.S. dollar because technical charts signal the
currency may slide to $1.3400, said analysts at Citigroup Global
Markets Inc.

``There is a danger that a deeper correction toward $1.3400
may be on the cards,'' analysts led by New York-based global head
of currency strategy Tom Fitzpatrick wrote in a research note
yesterday.


Read more at Bloomberg Currencies News

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