Thursday, December 8, 2011
EUR/USD is currently trading at 1.34025, -0.02%. It is currently testing a near-term downtrend line, and check out the perfect trend line below it. Articles to read: ECB to cut rates as focus on bond buys intensifies (Reuters); ECB May Dig Deeper Into Crisis Toolbox (Bloomberg). Will they cut the rate by 25 basis points or 50 basis points? See key ECB interest rates here. Watch EUR/USD trade live in the quote widget on my sidebar (notes: 11/25/2011 low is 1.32121, 10/4/2011 low is 1.31460). Click the chart for a larger view.
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