This week’s German ZEW Economic Sentiment index has recovered up to -18.2 for the first time 5 month. However, some analysts say that this is not a sign of economic recovery as the growth was caused by the ECB’s decision to expand the bond purchase program.
As f other prospects of the German economy, the 2nd half of 2012 will probably indicate moderate growth.
Experts say that Germany will avoid recession
Forex.
According to , EURUSD is trading within the 1,3171- 1,2991 price range formed by wave А/В of level H4.
A break above 1,3171 will resume the rally. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 1,2991 (as shown below).
