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Unformatted text preview: economic recovery, which spurred the demand for yield. The euro has reached a 5-week high against the yen. Citigroup analysts are using technical analysis to try to forecast what the currency will continue to do next. They say that the euro is likely to gain more against the yen because of the pattern that they have seen. They say that due to the euro going above the “neckline” of a “double-bottom” pattern, the euro will continue to gain against the yen....
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This note was uploaded on 09/08/2010 for the course BUS 177 at San Jose State.