Last year at this time, the majority of forex traders and market professionals were talking about parity between the Euro and the US Dollar as the EURUSD dropped to as low as 1.03373 on an intra-day level. Price action had plenty of downside momentum and the phrase ‘the trend is you friend’ was thrown around. As with all trend, they do reverse and the Euro entered an explosive growth spurt. Twelve months later the EURUSD recorded an intra-day high of 1.25358.