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By HaleStewart January 5, 2015 7:56 am
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Euro Trading At Historically Important Level

The chart above shows an extended graph of the euro.  For the duration of the post recession period, the 121-122.5 level on the euro/dollar chart has been a key area of technical support, with the chart printing several bottoms since the recession's end.  However, prices have now moved through that level, breaking a historically important level.

Standard technical analysis would argue for continued moves lower.

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog.  He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies.   You can follow him on twitter at:@captivelawyer

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