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View Full Version : Euro May Extend Decline to Two-Month Low on Fibonacci: Technical Analysis - Bloomberg



NewsWhore
05-17-2011, 01:41 AM
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Euro May Extend Decline to Two-Month Low on Fibonacci: Technical Analysis (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF4yMu4T8rbNgNpO9NU9RE7RrIMSw&url=http://www.bloomberg.com/news/2011-05-17/euro-may-extend-decline-to-two-month-low-on-fibonacci-technical-analysis.html)
Bloomberg
The currency now has a “potential downside target” of $1.3770, a 38.2 percent retracement of the rally from the June 2010 low to the May high, he said. The euro traded at $1.4153 as of 12:18 pm in Tokyo after strengthening from last year&#39;s low of ...

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