Markets  |  February 19, 2013 11:05:00

German ZEW again shocked The head of the European Central Bank (ECB) Mario Draghi yesterday afternoon to express the strong euro, which could slow the growth of the euro area. A strong European currency has been criticized in recent days, mainly by French President Holland, who called for a common exchange rate policy and the fight against irrational movements of the euro. Draghi said that the ECB will continue to monitor the impact of the strong currency on the European economy, but the euro is not the main monetary policy.According to economists, we could wait a further reduction in interest rates and monetary steps that caused the price of the euro below, if it does not improve the situation.

Euro reached 15měsíčního highs against the U.S. dollar during February, which complicates the ECB's policy to support growth of the euro area. Problems with expensive euro begin to have mainly exporters. ECB chief in his speech before the European Parliament also called for the creation of a common fund for the restructuring of troubled banks. Draghi also expects economic weakness in early 2013, followed by a gradation growth in the second half of the year.

German Investment Trust has surpassed all expectations, and February was the best result since April 2010 when he soared for the third month in a row. Institute ZEW Mannheimfor Economic Research today released its index of German economic outlook of analysts and investors, which predicts 6-month future German economy. He rose to 48.2 points from 31.5 points in January (values ??above 0 indicates an improving condition). Current index is based on the result of interviewing 272 analysts and investors from 4 to 18 February. German Central Bank (Bundesbank) according to yesterday's statement expected later this quarter, a return to economic growth. Germany's GDP in the last quarter of 2012 dropped by 0.6 percent, which surprised even themselves economists.

Eurodollars remains undecided. From 14 Second is held in the consolidation and failed to galvanize his words Mario Draghi or ZEW index. His resistance found at 1337 price levels and Fibonacci 50th The nearest support is around the price of 1.33. This situation requires breaking the displayed rectangle and powerful movement.When breaking down the market stands in the way of rising trend line on the daily chart, while the Bulls will have to contend with the Fibonacci levels of 38.2.

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