(Bloomberg) -- The euro's ``bull run'' is likely to extend to so-called resistance at the $1.3665-$1.3705 area, said Kevin Edgeley, a technical analyst at Goldman Sachs Group Inc., citing charts that predict price movements.
``We see the euro-dollar bull run extending toward major resistance at the December '04 high at $1.3665 and the $1.3705 December '95 high,'' London-based Edgeley wrote in a research note dated yesterday. ``Daily, weekly and monthly stochastic indicators are all pointing higher, reinforcing the trend,'' he said. Resistance is a level where sell orders may be clustered.
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