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EUR/USD – Heading for its 2012 low

30 December 2014 Christoph Brixa

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 trading became more volatile with stronger pullbacks but with the exception of a false breakout from December 10th to December 17th, with the euro almost reaching intraday a higher high, the currency pair traded within its established corridor.

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