Friday, September 18, 2009

Euro May Rise to September-High of $1.4866: Technical Analysis

The euro may advance to $1.4866 after the currency climbed above its December-high of $1.4720 this week, BNP Paribas SA said, citing trading patterns.The 16-nation currency will approach the strongest level since September against the greenback even though some technical indicators suggest it becoming “overbought,” according to a team of analysts led by Hans-Guenter Redeker, global head of currency strategy at BNP Paribas in London.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ae2qg1I0GWzw

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