Technical analysts at Citigroup Inc. expect the single currency to rise to $1.25. The specialists believe that euro’s trading range will narrow and the pair will be driven up above its 2-month downtrend. Support at $1.2154, think the analysts, will hold the pair from declining. Citigroup places resistance at $1.2363 and $1.2490-$1.2510.

European currency lost 13% getting down from $1.3667 on April 15 to the 4-year minimum at $1.1877 on June 7 and then recovered to $1.2398 on June 28.

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