Euro May Rise to 1-Month High Versus Dollar: Technical Analysis
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The euro is poised to climb to the highest in a month against the dollar after it failed to break below a key level of so-called support last week, Credit Suisse Group AG said, citing trading patterns.
Europe’s shared currency may strengthen toward $1.3172 after holding above its 200-day moving average of $1.2826, technical strategists including London-based Cilline Bain wrote in a note to clients today.