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EUR/USD: Mission accomplished – what’s next?

26 March 2015 Christoph Brixa

'Even though it might not be a valid technical argument, history has proven that when it looks the worse things might take another route. This might be a dangerous bet as the trend is your friend but oversold stays oversold.'

That was the concluding sentence of my blog entry dated March 12th 2015. A day later the single currency set a new 12-year low against the greenback at USD 1.0461 and then started to climb. Currently the euro is trading at USD1.1033 -572 pips higher.

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