Charts Show Euro's Drop Versus Dollar May Stall at About $1.34, MUFG Says

(Bloomberg) -- The euro's slide against the dollar may
stall at about $1.34, according to signals on charts traders watch
to predict future price movements, said Masashi Hashimoto, a
currency analyst at Bank of Tokyo-Mitsubishi UFJ Ltd.

The decline of the single currency, down 1.6 percent from a
record high of $1.3681 on April 27, will falter as it nears so-
called support at $1.3399, the euro's 65-day moving average
against the dollar, Hashimoto said.


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