(Bloomberg) -- Euro technical indicators against the dollar are strengthening, signaling “the risk on the downside may be diminishing,” according to Helaba Landesbank Hessen- Thueringen, which cited trading patterns. “The technical setting is improving slightly,” Ralf Umlauf, head of floor research at Helaba in Frankfurt, wrote today in a report. “The Stochastic and Relative Strength Index are starting to turn, although the former remains below its signal line.” The Stochastic is a so-called momentum indicator, and the Relative Strength Index, or RSI, is a chart used by traders to predict changes in price direction.
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