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The Economic Recovery In The Euro Area is losing momentum According to Draghi

News Date: 22/9/2014 15:59:54

“The crisis will only be over when full confidence returns in the real economy and in particular in the capacity and willingness of firms to take risks, to invest, and to create jobs.” Draghi.

EURUSD was very negative for Europe economy when been pushed to 1.39, and with all this adventurous price moves on EURUSD a true fact is that the economic recovery in Europe still fragile and a weaker Euro is needed to revive the economy and increase export from Europe.

On Monthly TF we can see interventions from the ECB pushing the price of EURUSD down where in 5 month time EURUSD went down from 1.39 till 1.28 and for 12 month ECB watched EURUSD advancing till 1.39 without acting. A weaker Euro will help Europe economy recover faster.

Provided by Fxhighway 

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