EUR/USD (1.42) Testing Long-Term Downtrend From July 2008 Again (Charts, Articles)

Technical Update: EUR/USD (1.4223) is testing its long-term downtrend again, which started in July 2008. The pair is currently above the 200-week moving average. The second chart is more short-term; you can see the trend line EUR/USD must hold to prevent a near-term breakdown. It is also testing the exhaustive high made on November 4, 2010 (1.4282). Read the articles below for more analysis.

EUR/USD (weekly log charts - courtesy

Analysis on the web:

*ECB Dual Strategy Will Cause Problems: Ulrich Leuchtmann, CommerzBank Head of Research (CNBC Video)

*ECB Rates and Federal Reserve Policy (ForexYard)

*Forex: EUR/USD failed at 3-year downtrend - Commerzbank (

*ECB set to raise interest rates for the first time - BHF Bank (

*EUR/USD ended higher despite fairly strong payrolls - KBC Market Research (

*Euro Declines Versus Dollar on Concern Rate Increases May Damage Periphery (Bloomberg)

*Trichet Seen Burying Ailing Nations With Rate Rise on Inflation (Bloomberg)

*EURUSD: A Double Top Taking Shape? - Ilya Spivak (Daily FX)

*Euro is Guaranteed Trend and Momentum with the ECB Rate Decision - John Kicklighter (Daily FX)

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