Euro May Fall to 3-Week Low Against Dollar: Technical Analysis
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The euro may fall to a three-week low against the dollar after dropping below its 200-day moving average today, ING Groep NV said, citing trading patterns.
The 17-nation currency is poised to extend losses to $1.27 within the next two weeks as it approaches its 50-day moving average at $1.2581, Roelof-Jan Van den Akker, a technical analyst in Amsterdam, wrote today in a note to clients.