Citigroup: Euro will continue to rise along with gold

According to technical analysts Citigroup Inc, the euro / dollar continues to strengthen, even in spite of declining oil prices. From June to September, the euro, gold and oil were closely correlated, but more recently, the dynamics of oil was negative. "The single currency continues to trade above the support, held on the highs of June and August, retaining the potential for a test of $ 1.4720 in the coming days", - informs Tom Fitzpatrick and Shyam Devani, analysts at Bank of New York and London, respectively. - "In our view, the euro, rather, will continue to rise along with gold, rather than fall with oil."