After its surge, euro could rise further against dollar

After the euro surged through a critical technical level last week, analysts who study charts to help guide their predictions are looking back to 2010 for perspective on how high it could rise.

The currency traded at about $1.183 earlier this week, extending an advance after breaching a key level of over $1.171 late last month for the first time since August 2015.

The euro is coming off a five-month rally, its longest since 2013, propelled by interest-rate differentials that have gone in its favour and broad dollar weakness.