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Euro May Gain Versus Franc After Drop, Citigroup Says: Technical Analysis
The New York-based bank took a profit on its bet that the euro would fall against the franc as the shared currency traded almost as low as 1.1936, a 76.4 percent Fibonacci retracement of its rally since June 24, when it dropped to 1.1806, the lowest level since the euro’s 1999 introduction.
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