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Euro Decisively Breaks Below $1.35; For How Long? - Analysts
The euro decisively broke below the psychological $1.3500 mark Tuesday, with the pair posting a new 2014 low around $1.3459 before stalling. Traders were watching closely to see whether key dollar resistance levels in other currencies would also be vaulted, which would further confirm that the long-awaited dollar uptrend, envisioned at the start of 2014, was really starting. The euro was trading at $1.3468 Tuesday afternoon, on the low side of the day's range of $1.3459 to $1.3530. The pair Friday fell below $1.3503, the low seen June 5 when the European Central Bank announced new easing measures, but could not close ... (full story)