The Euro breaks down in early European session

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While the U.S. inflation faintly accelerated, leading to broad gains in the value of the U.S. currency, the Euro gave up its positions, slipping below this year's minimum of $1.3480. Now the currency pair is facing a long-term trend-line at 1.3470. Meanwhile, the Bundesbank warns there are still problems with the economy of the Euro zone and with the flagman of the bloc as well.