The dovish game is up and so is the Euro

OANDA:EURUSD   Euro / U.S. Dollar
Mario Draghi has a difficult job - every time he makes a public appearance he has to convince people that they should sell the Euro . Why? Because its good for European exports and good for their recovering economic growth.

The problem is that a few days ago, it didn't work. In fact, the Euro rose over 1% against the dollar. This market wants to buy the Euro .

With terrible economic data from the US and an inevitable reduction in the massive European QE program pending, the only way for EUR/USD now, is up.


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