Oct. 1 (Bloomberg) -- The euro's record-setting rally may not extend through the end of October, according to analysts who rely on market patterns for their predictions.
No fewer than half a dozen indicators that measure the speed and slope of a currency's rise and foreshadowed the euro's three biggest slumps of the past year show the best may be over after it strengthened 4.7 percent in the past month to its all- time high of $1.4283. Citigroup Inc., the largest U.S. bank, says the euro may drop to below $1.37 unless the currency maintains its momentum.
Now that is going out on a limb for sure.
Bloomberg.com: Bloomberg Television Syndicated Reports