Euro Rally May Reach $1.3520 on a Close Above $1.3470, Okasan's Soma Says

(Bloomberg) -- The euro may rise to $1.3520 against
the dollar should it close above so-called resistance at $1.3470
on a daily basis, said Tsutomu Soma, a bond and currency dealer
at Okasan Securities Co. in Tokyo.

``A daily close above that resistance would pave the way for
further euro appreciation,'' Soma said, citing charts that
predict currency movements. Resistance is a level where sell
orders may be clustered.


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