As we anticipated today, the report that was delivered by the head of central bank of Europe was not that good, judging by the performance of euro after it. Seems that after bad economic data from Germany it wouldn’t be a surprise to see another bad economic report as well as performance of euro that would be that bad. But it is still a disappointment every time. What can we learn from this report? Well, that European economy is not nearly as strong at the moment as we would hope.
Look at chart. We can see a clear decline that was there in the morning and just got worse at the time of report. Those who were looking for stable euro are not going to find it today, unfortunately.
The time of euro-recovery is anticipated by all of us and can only be predicted with trading signals. Don’t let your chance slip away!