(Bloomberg) -- The euro may climb as much as 3 percent against the dollar after finding support at its 55-day moving average, Citigroup Inc. said, citing trading patterns. Recent declines in Europe’s single currency stalled Nov. 3 at the 76.4 percent Fibonacci retracement of the rally from the euro’s Oct. 2 low of $1.4481 to its Oct. 26 high of $1.5063, Citigroup said. The euro may now gain to $1.5064 with a “firm” break of that level opening up a move to $1.5285, analysts Tom Fitzpatrick and Aron Gera in New York and London-based Shyam Devani wrote in a note to clients yesterday.
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