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EUR/USD Breaks Down On Euro Zone Inflation Data

Discussion in 'Technical Analysis' started by Kaitlin, Mar 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    EUR/USD broke down below a major parallel uptrend channel on Monday after the Consumer Price Index (CPI) for the euro zone, a key inflation indicator, showed that February's consumer prices were down by 0.2% from February of 2015.[​IMG]

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