Euro May Rise to $1.34 on Resistance Break: Technical Analysis
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The euro may rise 1.9 percent against the dollar after climbing above a key level of resistance, Morgan Stanley said, citing trading patterns.
The 17-nation currency is poised to extend this month’s advance after strengthening above the peak set on Sept. 17, according to strategists at the company including Hans Redeker and Ian Stannard in London. The next target is the high set at the end of March, they said.