The Euro breaks down in early European session

Note: This section contains information in English only.
Source: Marc to Market

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.

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Wed, 23 Jul 2014 08:04:19 GMT

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