Euro Likely to Revisit Bottom of Range Versus U.S. Dollar

The Standard & Poor’s 500 Index may fall as much as 8.7 percent after climbing to the upper limit of a rising channel, according to Roelof-Jan Van den Akker, a technical analyst at ING Groep NV. The S&P 500 will decline to a support level of 1,540 after it advanced to 1,709.67 on Aug. 2, Van den Akker said in a telephone interview.

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