(Bloomberg) -- The euro may fall to the 33 area
against Slovakia's koruna after breaking below so-called support
at 33.90, said Kevin Edgeley, a technical analyst at Goldman
Sachs Group Inc., citing charts that predict price movements.
The level broken represents the lower boundary, or support,
of an ascending channel that connects the lows of April 4 and
May 14-15, according to data compiled by Bloomberg News. The
euro had been rebounding since March 20. Support is a level
where buy orders may be clustered.
Read more at Bloomberg Currencies News
against Slovakia's koruna after breaking below so-called support
at 33.90, said Kevin Edgeley, a technical analyst at Goldman
Sachs Group Inc., citing charts that predict price movements.
The level broken represents the lower boundary, or support,
of an ascending channel that connects the lows of April 4 and
May 14-15, according to data compiled by Bloomberg News. The
euro had been rebounding since March 20. Support is a level
where buy orders may be clustered.
Read more at Bloomberg Currencies News
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