Euro Won’t Get Support From ‘Fundamental Front,’ Helaba Predicts

By Justin Carrigan

July 6 (Bloomberg) -- The euro is unlikely to get support from fundamental data this week, with technical signals suggesting declines, Helaba Landesbank Hessen-Thueringen said.

If the currency drops below a range of $1.3950 to $1.3925, the next so-called support levels will be at $1.3890, $1.3829 and $1.3806, Ralf Umlauf, head of floor research at Helaba in Frankfurt, wrote in a research report today.

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net