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EUR/USD – oh euro where art heading thou?

26 January 2015 Christoph Brixa

Recap: the single currency is in a long-term downtrend versus the greenback since July 2008, where the euro hit its all-time high at USD1.6063. In the last three months of 2014 trading became more volatile and we even saw a breakout over the latest resistance line (red) where the currency-pair managed to stay for a short while before being sold off again. After closing below the established support (pink) for three consecutive days at the end of 2014, we saw a massive slump in the first days of 2015.

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