According to Mario Draghi, President of the ECB, the worst phase of the eurozone crisis is over. Mr. Draghi assures that the central bank is constantly monitoring the situation and is ready to act if inflation risks escalate.
He says the eurozone economy will start gradually recovering throughout 2012. Low short-term interest rates will support the recovery. Mario Draghi assumes that the eurozone crisis weakened mainly doe to the ECB’s efficient monetary policy, which will remain unchanged.
According to Masterforex Academy experts, the 6E futures contract (EURUSD) is being traded around 1.3150. The closest level of resistance is 1.3200.
